Aave Initiates Recovery Plan for rsETH Bridge Exploit

Aave has announced a recovery plan to address the rsETH bridge exploit, with the potential to recover approximately 13,000 ETH. According to NS3.AI, the initiative seeks to restore the leaked rsETH collateral to a value of 1.017 ETH. The recovery process begins with a governance proposal and includes a temporary adjustment of the rsETH price. During this period, related assets will remain frozen until the recovery is finalized.