News Explorer — DeFi United, With Aave at the Helm, Plans to Recover Funds Lost to North Korean Hackers

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Apr 28, 5:36 pm

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DeFi United, With Aave at the Helm, Plans to Recover Funds Lost to North Korean Hackers

DeFi United, led by Aave, has outlined a technical plan to recover funds lost due to North Korean hackers depositing unbacked rsETH as collateral on Aave and Compound. The recovery strategy involves converting committed ETH into rsETH and liquidating the attacker's positions through adjusted oracle prices.

DeFi United, led by Aave, has outlined a technical plan to recover funds lost due to North Korean hackers depositing unbacked rsETH as collateral on Aave and Compound. The recovery strategy involves converting committed ETH into rsETH and liquidating the attacker's positions through adjusted oracle prices.

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