Kelp DAO Restores rsETH Functionality After Recovery Plan Completion
— Crypto.News
Kelp DAO successfully restored rsETH functionality by completing its recovery plan.
Kelp DAO has restored the functionality of rsETH after completing its recovery plan following a $293 million hack.
- Kelp DAO completed the operational phase of its recovery plan for rsETH, taking over five weeks.
- The hack, linked to North Korea's Lazarus Group, resulted in a loss of $293 million.
- The restoration of functionality is seen as an effort to rebuild trust in the Ethereum ecosystem.
Kelp DAO's restoration of rsETH functionality may enhance confidence in the Ethereum staking protocol, signaling positively to potential investors.