News linked to both this project and an event.
According to on-chain analytics platform Lookonchain (@lookonchain), the trading address 0xfda8 recently purchased 7,000 ETH—worth approximately $14.52 million—and deposited the entire amount into Aave. This address previously executed two swing trades in ETH, generating cumulative profits of $2.04 million.
Aave posted on X, stating that according to the recovery plan, the final batch of rsETH has been sent to the LayerZero lockbox.Aave also noted that rsETH and all Aave markets are currently operating normally.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address 0x0bb...3258 purchased 11,206 AAVE tokens at an average price of $89.24, spending approximately $1 million in USDT, and deposited all of them into Aave V3. This address also holds 5,007 ETH, valued at roughly $10.56 million.
: According to monitoring by on-chain analyst @EmberCN, a whale holding 137,400 ETH added another 5,001 ETH to their position 3 hours ago.Data shows that the address borrowed approximately 10.6 million USDT via Spark and Aave, and purchased 5,001 ETH at an average price of around $2,120. Currently, their total holdings amount to 137,400 ETH, valued at approximately $290 million. The position utilizes leverage from Aave and Spark loans, with the current overall liquidation price being approximately $1,324.
according to on-chain analyst Yu Jin's monitoring, moments ago, the Multicoin Capital address (0x7915...D759) transferred a total of 286,000 AAVE to Coinbase Prime, comprising 98,000 AAVE withdrawn from multiple exchanges 5 hours ago and 188,000 AAVE previously remaining at the address, worth $26.68 million.
According to on-chain analyst Yujin (@EmberCN), Multicoin Capital transferred 150,000 AAVE tokens (approximately $14.91 million) yesterday morning via Galaxy Digital and BitGo to multiple centralized exchanges (CEXs), including Binance, OKX, Coinbase, and Bybit. Following this transfer, the AAVE price dropped approximately 7% from $99 to $92. Subsequently, Galaxy Digital withdrew 98,000 AAVE tokens (approximately $9.08 million) from those exchanges back to Multicoin Capital’s address, prompting a modest rebound in AAVE’s price to $93.
According to an official announcement, KelpDAO has resumed rsETH withdrawal functionality, and cross-chain bridging and claiming have also been enabled simultaneously as part of the coordinated restart plan. KelpDAO stated that the exchange rate will be updated and Eigen rewards will be made available for claiming at approximately 22:30 Beijing Time today, May 15, to reflect the full staking rewards accrued by rsETH holders during the pause period. Thereafter, deposits will resume after a brief stabilization window. Over the next two weeks, Aave and Kelp will gradually transfer the remaining rsETH in batches to fully replenish the vault. KelpDAO confirmed that rsETH remains fully backed on Ethereum Mainnet and across all L2 networks.
Odaily Planet Daily reports: According to monitoring by Onchain Lens, Multicoin Capital has transferred 150,000 AAVE (worth approximately $14.9 million) to Galaxy Digital and BitGo for Over-The-Counter (OTC) trading. Subsequently, a portion of the funds was transferred to centralized trading platforms.Data shows that Multicoin Capital purchased 338,005 AAVE for approximately $73.94 million. It currently holds 188,005 AAVE, worth about $18.49 million, representing an unrealized book loss of approximately $40.54 million.
According to on-chain analyst Ember (@EmberCN), Multicoin Capital allegedly transferred 150,000 AAVE tokens (worth approximately $14.91 million) to Galaxy Digital and BitGo. Subsequently, these tokens were dispersed across centralized exchanges including Binance, OKX, Coinbase, and Bybit—potentially indicating an intent to sell. Previously, in November last year, Multicoin Capital accumulated 338,000 AAVE tokens at a price of $219 each. If sold at $99 per token, Multicoin Capital’s estimated loss on AAVE would exceed $40.56 million—a decline of roughly 55%.
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
Aave announced that the first batch of rsETH has been transferred to LayerZero’s OFT adapter, and cross-chain transfers of rsETH between the Ethereum mainnet and various L2 networks have now resumed. This development means that the rsETH cross-chain channels previously affected have been restored, covering operations across the Ethereum mainnet and L2 networks.
Odaily News: Margaret Garnett, a U.S. District Judge in Manhattan, has approved Aave's asset recovery proposal, allowing the transfer of approximately $71 million in ETH previously frozen on Arbitrum and linked to North Korean-linked attacks, to a wallet controlled by Aave LLC, while preserving the legal claims of terrorism victim plaintiffs over the funds. The ruling also amended the earlier freeze notice against the Arbitrum DAO, permitting the transfer to be executed through an on-chain governance vote and exempting those who propose, vote on, or participate in the transfer from liability under the freeze order. The transfer is still subject to an official vote by Arbitrum's on-chain governance. (CoinDesk)
According to The Block, the Arbitrum DAO voted to release 30,765.6 ETH (approximately $70 million), previously frozen, to support the DeFi United initiative—aimed at offsetting Kelp DAO’s $292 million exploit loss last month. The vote passed with 90.96% support (182.2 million votes). The attack was allegedly carried out by the North Korean Lazarus hacking group, which exploited a vulnerability in LayerZero’s OFT cross-chain bridge—a single-validator configuration—which allowed attackers to steal 116,500 rsETH and pledge most of the stolen assets as collateral on Aave, resulting in roughly $190 million in bad debt. DeFi United has secured contributions from multiple parties, including 30,000 ETH from Consensys and Joseph Lubin, a 30,000-ETH loan from Mantle, and 5,000 ETH from LayerZero.
Aave stated that, per the previously disclosed technical recovery plan, the attacker’s rsETH positions on Ethereum and Arbitrum have been liquidated on Aave, and the associated collateral assets have now been transferred to the Recovery Guardian address designated by the AIP. Aave noted that this action did not impact other users, nor did it affect the Umbrella mechanism, and emphasized that this step is a critical milestone in the overall recovery roadmap, with further recovery efforts continuing as planned.
Aave has announced the completion of the liquidation of the remaining rsETH position belonging to the Kelp DAO attacker. The related collateral assets will be transferred to the Recovery Guardian multi-signature wallet managed by DeFi United, to be used for restoring rsETH reserves and compensating affected users.This liquidation is part of the recovery plan following the previous $292 million attack incident. Aave had previously passed a governance vote to temporarily adjust the rsETH oracle price in order to create bad debt in the attacker's position and trigger liquidation. The relevant parameters will be restored upon completion of the liquidation. Previously, the attacker exploited the Kelp DAO cross-chain bridge based on LayerZero to forge 116,500 unbacked rsETH and borrowed ETH from protocols such as Aave and Compound. Currently, the recovery funds managed by DeFi United have exceeded $320 million.
According to Cointelegraph, U.S. law firm Gerstein Harrow LLP has filed an application with the U.S. District Court for the Southern District of New York seeking a temporary restraining order and three writs of execution to prevent the Arbitrum DAO from transferring 30,766 ETH (valued at approximately $73 million) frozen following the Kelp vulnerability. The firm argues that its clients obtained default judgments against North Korea in U.S. courts in 2010, 2015, and 2016, entitling them to roughly $877 million in compensation—and contends that the stolen ETH constitutes North Korean-linked assets that should be used to satisfy those judgments. Kelp DAO suffered a $292 million hack on April 18; the attacker was identified as TraderTraitor, a subgroup of the North Korean state-sponsored hacking group Lazarus Group. Aave Labs previously proposed unfreezing the seized funds and transferring them into the “DeFi United” fund to compensate rsETH holders—but this legal action by Gerstein Harrow may significantly delay compensation for victims. Members of the Arbitrum DAO community have criticized the move, arguing it shifts the burden of North Korea’s debts onto another set of victims, thereby exacerbating the original harm. Gerstein Harrow had previously pursued litigation related to the 2023 Heco Bridge hack involving Teth
According to on-chain analytics platform Lookonchain (@lookonchain), the wallet address 0x859D—associated with Fenbushi Capital—withdrawed 3,063 ETH (approximately $7.13 million) from Aave and immediately deposited them into Binance. These ETH were withdrawn from Binance one month ago at an average price of $2,017; the current unrealized profit is approximately $969,000.
Odaily报道 According to Ai Yi monitoring, a Galaxy Digital OTC-related address (0x16F...1Fde) has deposited 15,000 ETH, worth $34.74 million, to an exchange. These funds originated from 38,000 ETH withdrawn from Aave a week ago, which was the day when Kelp DAO was attacked, causing Aave to potentially face bad debt.
according to on-chain analyst Ai Yi's monitoring, an address linked to the Balancer attacker has transferred 5,609 ETH, worth $13 million, to THORChain over the past 9 hours. In November 2025, Balancer was hacked for over $116 million, a incident with the same suspected culprit as the Aave attack, both pointing to the North Korean hacker group Lazarus Group. Both entities have recently been frequently using Tornado Cash for money laundering.
According to on-chain analyst Yujin (@EmberCN), Aave covered $25,000 ETH (approximately $57.75 million) out of its own funds to address bad debt arising from the rsETH incident and spearheaded the “DeFi United” relief initiative. The total bad debt shortfall stands at 75,081 ETH; commitments for loans and donations totaling 69,576 ETH have already been secured, leaving a remaining gap of only 5,505 ETH. Multiple institutions—including LayerZero—have confirmed participation in the relief effort, though specific contribution amounts have not yet been disclosed. The shortfall is expected to be fully covered.