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Aave and Kelp burn exploiter’s rsETH on Arbitrum as recovery plan moves forward
May 13, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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AI Overview
On May 12 Aave and Kelp burned the exploiter's rsETH holdings on Arbitrum, confirming completion of the first phase of the rsETH technical recovery plan. The DeFi protocol update centers on security and token burn measures and signals progress toward refilling LayerZero components, a move that could help restore asset integrity and bolster confidence in the crypto protocol.
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Aave and Kelp burned the exploiter’s rsETH holdings on Arbitrum on May 12, Aave said in an X post, confirming the first phase of the technical recovery plan has been completed. The first set of steps in the rsETH technical recovery plan are complete, including burning the exploiter's rsETH on Arbitrum. Progressively refilling the LayerZero...
