The coalition has secured ETH commitments to refill the bridge in tranches and will use Aave and Compound governance proposals to liquidate the exploiter’s remaining positions.\n<\/p>\n
DeFi United<\/a>, a coalition of decentralized finance (DeFi) ecosystem participants, on Tuesday published the technical implementation plan to restore the backing of Kelp DAO’s rsETH and recover roughly 107,000 tokens still controlled by the exploiter.<\/p>\n The exploit targeted rsETH’s LayerZero-powered bridge<\/a> on the Unichain to Ethereum route, where a forged inbound packet was verified on the Ethereum side without a corresponding burn on Unichain. The attack released 116,500 rsETH<\/a> from the Ethereum-side adapter, with proceeds distributed across multiple addresses and supplied as collateral on lending protocols.<\/p>\n Seven addresses associated with the exploiter currently hold active rsETH-backed positions on Aave and Compound, representing approximately 107,000 rsETH of the original 116,500 rsETH stolen.<\/p>\n DeFi United<\/a> said it has secured the ETH commitments needed to restore rsETH\u2019s backing, with final execution subject to governance approvals and definitive agreements. The committed ETH will be converted into rsETH in tranches and transferred to the bridge lockbox contract, allowing the bridge to resume normal operation.<\/p>\n The process targets rsETH’s nominal exchange ratio of 1.07 ETH. The coalition’s fundraising effort<\/a> has progressively chipped away at the original 163,200 ETH shortfall.<\/p>\nRestoring Backing<\/h2>\n