News linked to both this project and an event.
: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.
Odaily News: Sonic detailed its technical path for the "post-quantum era," pointing out that most current PoS public chains rely on elliptic curve signatures (such as ECDSA, Ed25519), which face the risk of being cracked once quantum computing (e.g., Shor's algorithm) matures.Sonic stated that the industry is exploring quantum-resistant cryptographic solutions (such as hash-based XMSS, SPHINCS+, and lattice-based Dilithium, Falcon). However, mainstream consensus mechanisms generally rely on BLS aggregate signatures and threshold signatures, and migrating to a quantum-resistant system will face challenges in performance, bandwidth, and architectural restructuring.In contrast, Sonic's SonicCS consensus protocol does not rely on aggregate signatures or global randomness. It uses single-node signatures and hash functions to construct a DAG structure. Therefore, when switching to quantum-resistant cryptography, only the signature algorithm needs to be replaced to complete the upgrade, without adjusting the consensus logic or network structure.Sonic emphasized that this design will significantly reduce the complexity of future migration to quantum-resistant security, giving the network stronger adaptability when quantum computing threats emerge.
Odaily News: Sonic Labs co-founder and Flying Tulip founder Andre Cronje posted on platform X, stating that his team is continuing to investigate the L0/rsETH incident. Preliminary reports indicate that approximately $200 million worth of rsETH was stolen, possibly due to a private key leak or configuration error. The related assets were subsequently deposited into Aave as collateral to borrow ETH (due to insufficient rsETH liquidity).Andre Cronje pointed out that the affected positions are technically still overcollateralized. However, if bad debt occurs, Aave's token mechanism and Safety Module will serve as the first line of defense to absorb the risk. Nevertheless, Aave has no mechanism to subsidize user losses, as doing so could trigger a bank run. Currently, Aave holds approximately $7 billion in ETH with an outstanding borrowing amount of around $100 million, so the overall impact of this incident is limited. Furthermore, prioritizing user liquidity, Flying Tulip has withdrawn all its ETH from Aave to its fund management wrapper contract. This action was taken because Aave's available liquidity had fallen below its set minimum threshold.