Aave Completes Liquidation of Kelp DAO Attacker's rsETH Position

Aave, a blockchain lending platform, has completed the liquidation of the remaining rsETH position held by the Kelp DAO attacker, according to The Block. This action is part of a recovery plan previously announced by Aave. The collateral obtained from the liquidation will be transferred to a multi-signature address managed by the DeFi United initiative, named 'Recovery Guardian.' This organization is working to restore the asset backing of rsETH and compensate affected users. This process marks one of the final stages in the community's efforts to address the $292 million loss caused by the vulnerability. Aave had previously stated that its liquidation required governance process support, specifically noting that Aave voted to temporarily manipulate the rsETH oracle price to incur losses on the attacker's fraudulent position. Aave assured that all adjustments will be fully restored once the liquidation is complete.