Aave completes liquidation of Kelp DAO hacker's remaining rsETH position

Aave announced that it has completed the liquidation of the remaining rsETH position from the Kelp DAO hacker. According to The Block, the liquidated collateral has been moved to "Recovery Guardian," a multisig wallet managed by the hacking victim relief fund DeFi United. The funds will be used to compensate affected users and recover the rsETH collateral. Previously, Kelp DAO suffered a loss of approximately $292 million from a hack that exploited a vulnerability in a LayerZero-based bridge. At the time, the hacker minted 116,500 uncollateralized rsETH and swapped it for ETH on platforms including Aave and Compound.