A crypto coalition releases technical proposal to save Aave users from a massive token exploit

A crypto coalition releases technical proposal to save Aave users from a massive token exploit

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enTechShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailA crypto coalition releases technical proposal to save Aave users from a massive token exploitDeFi United, a coalition of multiple blockchain projects and crypto ecosystem individuals, has laid out a detailed plan to restore the backing of rsETH after this month’s Kelp DAO hack sent shockwaves through lending markets.By Margaux Nijkerk|Edited by Aoyon Ashraf Apr 28, 2026, 3:43 p.m. Make preferred on What to know: DeFi United has proposed a coordinated plan to fix the fallout from a Kelp DAO exploit that created 116,500 unbacked rsETH, using Aave to help stabilize markets and recover funds.The plan involves restoring rsETH’s backing with fresh ETH while systematically unwinding bad loans tied to the exploit, aiming to fully rebalance the sys

Source: https://www.coindesk.com/tech/2026/04/28/a-crypto-coalition-releases-technical-proposal-to-save-aave-users-from-a-massive-token-exploit