Aave Executes Forced Liquidation of Kelp DAO Attacker's Assets, Advancing Recovery of $290 Million in Damages

2026/05/07 09:30 (Updated 2026/05/07 10:00)

CoinPost

Written by L.Kikutani

Aave Executes Forced Liquidation of Kelp DAO Attacker's Assets, Advancing Recovery of $290 Million in Damages

Completing a Critical Step Towards Damage Recovery

The decentralized finance (DeFi) lending platform Aave announced on May 7 that it had completed the liquidation of the rsETH position held by the attacker of Kelp DAO. This action, carried out on both the Ethereum and Arbitrum networks, marks a significant progress in the damage recovery roadmap following the unauthorized outflow of approximately $290 million in April 2026.

The liquidated collateral...

MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30

Interview Iolite FACE vol.19 Yuichiro Tamaki, Leader of the Democratic Party for the People PHOTO & INTERVIEW by Hasen Kuniyama Special Features: “Web3.0 The Impact Award 2026” “Global Money Loses Its Master” “The Current State of Robotics Technology” [Dialogue Series] The NISHI Talk: Crypto Conversations “The Changing Crypto Landscape, and the Unchanging Strategies of Traders” Kasou NISHI × European] Series: Tech and Future by Toshinao Sasaki, and more

MAGAZINE

Iolite Vol.19

May 2026 issueReleased on 2026/03/30