Aave has liquidated the remaining rsETH positions of the Kelp DAO attacker

According to The Block, the on-chain lending platform Aave has completed the liquidation of the remaining rsETH positions of the Kelp DAO attacker as part of the previously announced recovery plan.

The collateral obtained from the liquidation will be transferred to a multi-signature address "Recovery Guardian" managed by the DeFi United initiative, which is working to restore the asset backing of rsETH and compensate affected users. This process marks one of the final stages of the community's efforts to make up for the $292 million vulnerability loss.

Aave previously noted that its liquidation required governance process support, specifically, Aave voted to temporarily manipulate the price of the rsETH oracle to cause losses on the attacker’s fraudulent positions. Aave stated that all adjustments will be fully restored after the liquidation is completed.