Wu Blockchain (@WuBlockchain): Aave: rsETH Recovery Enters Phase II, Attacker's Positions Liquidated

Aave: rsETH Recovery Enters Phase II, Attacker's Positions Liquidated Aave has released Phase II of its rsETH recovery plan, confirming that the attacker's Aave V3 positions were liquidated on May 6. While the Arbitrum DAO voted to return $71 million in recovered ETH to Aave users, the funds were temporarily frozen by plaintiffs holding a judgment against North Korea. A court has now permitted the transfer of these restricted assets to Aave LLC. In the meantime, Aave will borrow funds to cover the shortfall until the assets are legally returned. Furthermore, Aave will burn the liquidated rsETH to offset the hacker's inflated supply and gradually restore bridge withdrawals and normal operations. Source: https://x.com/aave/status/2052928584667275472?s=20