The Depository Trust and Clearing Corporation announced it will adopt Chainlink's Runtime Environment (CRE) for its blockchain-based Collateral AppChain, with launch targeted for Q4 2026. The integration follows a wave of DeFi protocols migrating to Chainlink after the KelpDAO exploit.
Following a $292 million KelpDAO exploit, crypto projects with over $3 billion in total value locked migrated their cross-chain infrastructure from LayerZero to Chainlink's CCIP. Solv Protocol moved $700 million in tokenized Bitcoin infrastructure as part of the migration.
Aave LLC filed an emergency motion in U.S. federal court to lift a restraining order freezing approximately $73 million in Ether recovered after the Kelp DAO exploit, as a law firm attempts to seize the funds claiming links to North Korean hackers.
A New York court has ordered Arbitrum DAO to freeze $71 million in ETH connected to North Korean hackers, with terrorism creditors moving to seize the Kelp DAO funds ahead of a DeFi United vote. The case highlights compliance challenges for decentralized protocols.
A coalition of DeFi protocols including Aave, Compound, and others unveiled a detailed technical plan to eliminate bad debt and restore full backing for exploited rsETH tokens following the $290 million Kelp DAO hack, with pledges totaling over $300 million in recovery funds.
Consensys and founder Joseph Lubin contributed 30,000 ETH to the DeFi United initiative aimed at recovering losses from the Kelp DAO exploit. The industry-wide effort has now raised over $300 million worth of Ethereum from multiple protocols and entities.
Aave governance proposed contributing 25,000 ETH to the DeFi United coalition working to cover losses from the $292 million Kelp DAO exploit. Multiple protocols and individuals have collectively pledged enough to cover the shortfall, with Mantle proposing a 30,000 ETH loan.
JPMorgan analysts reported that persistent hacks, including the $290 million KelpDAO exploit, and flat ETH-denominated growth are pushing investors toward Tether's USDT as users move funds out of DeFi during stress periods.
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo pledged combined 43,000 ETH to 'DeFi United' recovery effort to restore rsETH backing following the $292 million Kelp DAO exploit.
Aave's total value locked plunged $8 billion in 24 hours following the Kelp DAO exploit, with risk managers modeling two bad debt scenarios as users withdrew billions. The AAVE token fell nearly 20% to $89.50 amid contagion fears.
The Arbitrum Security Council froze $71 million worth of ETH stolen in the $292 million Kelp DAO exploit, with funds only movable through further governance action. Kelp DAO and LayerZero continue to dispute responsibility for the bridge vulnerability.
A coalition of DeFi protocols deployed a joint emergency mechanism to help Aave ETH lenders and loopers exit positions after the Kelp DAO bridge exploit created systemic risk across lending markets. The response demonstrates DeFi's architectural openness can produce rapid crisis solutions.
Attackers drained approximately 116,500 rsETH (roughly $292-293 million) from Kelp DAO's LayerZero-powered bridge, causing emergency freezes across multiple DeFi protocols including Aave, SparkLend, Fluid, and Upshift. The exploit represents 2026's largest crypto hack to date and impacted at least nine protocols.
