DeFi protocols request release of 30,765 ETH frozen after Kelp exploit
Here's what it means for you.
The recovery of frozen funds is critical for restoring confidence in the decentralized finance ecosystem.
What happened
Aave and a coalition of five DeFi protocols requested the release of 30,765 ETH frozen after the Kelp exploit.
The Context
- The Kelp exploit occurred on April 18, 2026, affecting multiple DeFi protocols.
- Aave and Kelp are seeking a total of $71 million in ETH for recovery efforts.
- More than $21 million has already been contributed to the 'DeFi United' relief effort.
Takeaway
The outcome of this request could significantly impact the stability and trust in the DeFi ecosystem.
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