By favour okosodo | APril 28, 2026
A coalition of DeFi players has raised over $300M in ETH to restore rsETH backing through a structured, phased recovery plan.
The plan includes controlled liquidations on major lending platforms to recover tens of thousands of ETH tied to the attacker’s positions.
Final restoration depends on approvals and execution timelines, with new safeguards in place to prevent further exploits during the process.