DAO
It also is known as the digital decentralized autonomous organization (DAO). The DAO served as a form of investor-directed venture capital fund that seeks to provide the enterprise with new decentralized business models. Built on the Ethereum blockchain, The DAO’s code was open-source. The organization set the record for most crowdfunded projects in 2016, however, those funds were partially stolen by hackers cause an Ethereum hard-fork that created Ethereum Classic.
Arbitrum Proposal to Unfreeze $71M ETH Gains 90% Approval
With 90% approval, Arbitrum moves closer to releasing $71M in frozen ETH tied to the Kelp DAO exploit, pending final on-chain governance.
Aave Liquidates Kelp DAO Hacker’s rsETH Collateral, $30M Recovered
Aave liquidates Kelp DAO hacker’s rsETH collateral on Ethereum and Arbitrum, recovering $30M. DeFi United inches closer to restoring rsETH backing.
Kelp DAO Shifts rsETH to Chainlink After $292M LayerZero Exploit
Kelp DAO migrates rsETH to Chainlink CCIP after $292M LayerZero exploit, citing security concerns over LayerZero's cross-chain infrastructure.
DeFi United Moves to Restore rsETH Backing After $292M Exploit
DeFi United outlines a recovery plan to restore rsETH backing after the $292M Kelp bridge exploit. Key players include Aave, Consensys, and Arbitrum DAO.
Aave Pushes Arbitrum to Release Frozen $73M ETH Post-Kelp Hack
Aave urges Arbitrum to unfreeze $73M in stolen ETH, aiming to restore rsETH backing after the $292M Kelp DAO hack.
47% of LayerZero OApps at Risk After $292M Kelp DAO Hack
Nearly half of LayerZero OApps share the same risky 1-of-1 DVN configuration exploited in the $292M Kelp DAO hack. Here's what it means for the ecosystem.
DeFi Protocols Pledge 43,500 ETH to Recover from $293M Kelp Exploit
DeFi protocols, including Aave and Lido, pledge $101M in ETH to limit fallout from the $293M Kelp DAO exploit. Contagion risks remain a concern.
Aave Deposits Plunge $15B After Kelp DAO Exploit
A $293M exploit on Kelp DAO has triggered a $15B liquidity outflow from Aave, exposing vulnerabilities in DeFi lending protocols.
Umbra Shuts Front End Amid $280M Kelp Exploit Fallout
Umbra disables its front-end to hinder hackers from laundering $280M stolen in the Kelp DAO exploit. Privacy protocols face scrutiny.
Taiko Achieves 100% ZK Coverage, Slashes Mainnet Finality to 2s
Taiko's 2025 milestones include 100% zero-knowledge (ZK) proof coverage, 2-second finality, and DAO governance, solidifying its position as a leader in Ethereum scaling.