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DeFi United Fundraising Chips Away at Kelp Exploit Shortfall

On-Chain AnalyticsDeFiMarket Events
April 24, 2026
1 min read
DeFi United Fundraising Chips Away at Kelp Exploit Shortfall

The "DeFi United" industry recovery effort spearheaded by Kelp and Aave Labs has filled 73,700 ETH of the 163,200 ETH hole from the April 18 exploit, and confirmed public commitments from ecosystem partners now total 43,500 ETH.

That leaves a remaining shortfall of approximately 89,500 ETH. Of the amount already recovered, 40,300 rsETH (roughly 43,000 ETH) was clawed back directly by Kelp after it paused its bridge contracts 46 minutes into the attack, with an additional 30,700 ETH frozen by the Arbitrum Security Council on April 21.

The initiative has since expanded its roster of participants to include EtherFi, Ethena, Lido, Golem, Ink Foundation, Tydro, Mantle, Frax Finance and LayerZero.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

RELATED TOPICS

defi recoveryeth exploitfunds recoveryliquidity shortfallDeFi ecosystemsecurity breachfunds frozenDeFi partnershipssystem resilienceweb3

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