Kelp DAO confirmed that the final tranche of 20,373.7 rsETH was successfully transferred to the LayerZero smart contract responsible for cross-chain minting and redemption functions. The recovery effort took roughly five weeks and was supported by multiple crypto protocols under an initiative known as DeFi United. The protocol also stated that rsETH minting, redemptions, and rewards operations have now returned to normal.

The exploit had major ripple effects throughout decentralized finance, especially for Aave, where the attacker used stolen rsETH as collateral to borrow large amounts of wrapped Ether. The incident left Aave with roughly $190 million in bad debt and contributed to billions of dollars in liquidity disruption across lending markets.