recovery

According to official news, KelpDAO stated that the last batch of 20,373.72 rsETH has been transferred to the rsETH OFT adapter earlier, thus completing the operational part of the rsETH recovery plan. KelpDAO also attached the relevant transaction information.

Toncoin announced that its bridge-v3 cross-chain bridge is scheduled to officially and permanently close on September 1, 2026. During the transition period before the closure, all proportionally charged cross-chain fees have been canceled, and users who have used the bridge are reminded to check their wallets as soon as possible and complete the withdrawal of any unprocessed or unrecovered assets before the deadline.If you hold Wrapped TON in Ethereum or BNB Smart Chain, you should rebridge to the TON network before the deadline. If you hold tokens such as jUSDT, jUSDC, jDAI, jWBTC, etc., you need to bridge back to the Ethereum network. Users must complete all asset migrations before the deadline to avoid assets being unable to operate across chains. After September 1, the cross-chain bridge will stop all transfer functions.

THORChain has released its fourth update regarding the attack incident on May 15, and the proposal ADR028 has been announced, with voting for node operators now open.According to the recovery plan, the protocol will first absorb losses through its own liquidity, with the remaining portion to be shared by synthetic asset holders; the specific distribution ratio of the two is still under evaluation. The protocol's own liquidity will be reduced to zero, and will be gradually replenished through system revenue. This plan will not issue or sell RUNE, nor will it dilute any holders.On the technical side, GG20 will be temporarily retained and has completed patch upgrades. Trading will resume after the vulnerabilities are fixed and node rotation is successfully conducted, with a future release pace that is slower and more security-conscious. Innocent nodes located in the same vault as the attacker will be protected, while the attacker nodes will be fully confiscated. The recovered RUNE will be paired with the recovered assets, and any excess will be destroyed.The protocol also offers a white hat bounty to the attacker to recover funds; if some are returned, the recovery plan will be adjusted proportionally. THORChain remains neutral and permissionless, and there will be no review of the attacker's Swap transactions after trading resumes. Node operators are currently voting on the proposal direction, and the numbers in the ADR are only indicative, with adjustments to be made through Mimir later.

Drift Protocol stated on platform X that after the protocol is restored online, users who have staked in the Insurance Fund will be able to withdraw their corresponding shares normally. The Insurance Fund is designed to maintain the protocol's solvency in the event of liquidation or bankruptcy. Since the protocol was paused before losses were completed through normal liquidation or bankruptcy processes, the Insurance Fund was not affected by the related vulnerabilities or attacks.Drift Protocol added that the assets of the protocol's own Insurance Fund will be used to support system restart and user recovery, and plans to publicly disclose the relevant on-chain addresses so that the community can track the use of funds and subsequent deployments.

According to Fortune magazine, Eisen announced the completion of a $10 million Series A financing round, led by MissionOG, bringing its total funding to $18.5 million. Previously, the company completed an $8.5 million seed round, led by Index Ventures, which had not been publicly disclosed. Institutions such as First Round Capital, Cowboy Ventures, Homebrew, and Restive Ventures also participated.Eisen provides a service to financial service platforms for handling the "unclaimed property transfer" process, while also helping to locate clients and prevent funds from being transferred to state governments in the U.S. after becoming unclaimed. The company's co-founder Osgood (formerly a product manager at Coinbase) is particularly focused on the field of crypto assets. An increasing number of states are beginning to view crypto assets as transferable unclaimed property. Although the amounts may be small individually, the overall scale is quite substantial: U.S. states collectively hold about $70 billion in funds through the escheatment mechanism, which are assets legally turned over to state governments after accounts have been inactive for a long time.

Kelp stated on platform X that it has collaborated with multiple DeFi protocols to complete the liquidation of the attacker’s positions, and the recovery process of rsETH has made significant progress. Among them, Compound has participated in coordination multiple times over the past four weeks and provided about 3,000 ETH in support, while jointly completing the liquidation with Aave, recovering a total of approximately 17,426.2 rsETH. Euler Finance has liquidated the attacker’s positions within its protocol and plans to return the excess ETH to the DeFi ecosystem fund.

According to Cointelegraph, Casa co-founder Jameson Lopp warned that a new phishing technique has emerged, where attackers abuse legitimate Google recovery forms to hide malicious links within lengthy messages filled with a lot of blank space.

According to the official announcement, Websea officially opened withdrawals on May 18 at 16:00 (UTC+8), marking the platform's entry into a substantial and comprehensive recovery phase. The resumption of withdrawals is being carried out in an orderly manner with the support of strategic investors. According to previous news, the platform has reached a strategic cooperation intention with a Middle Eastern family fund to fully support the platform's long-term operation and development.At the same time, the platform will advance the Proof of Reserves (PoR) process construction and plans to conduct regular disclosures, enhancing the transparency and verifiability of the platform's assets through a combination of on-chain verification and third-party audits. The platform has also publicly disclosed reserve funds and hot wallet addresses for user inquiry and supervision.Websea CMO Herbert R. Sim stated that the opening of withdrawals is an important milestone in the full restoration of operational order. In the future, the platform will promote withdrawals to be fully and completely open based on business recovery and market conditions, and will continue to improve the risk control and asset protection system, pushing the platform into a more robust development phase.

Aave founder Stani Kulechov posted on the X platform that the next step of the rsETH technical recovery plan has been completed, and the loan-to-value (LTV) ratios of WETH loans across all affected networks have been restored to pre-event levels. Users can now again borrow on Aave using WETH as collateral, including through collateral and debt swaps.According to the Aave announcement, this recovery involves network deployments such as Aave V3 Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.

Gate released the private wealth management report for April 2026. The report indicates that the overall cryptocurrency market is showing a strong fluctuation due to the continuous inflow of ETF funds and expectations of interest rate cuts. In April, BTC and ETH rose approximately 11.9% and 7.3%, respectively. Among them, the net inflow of BTC ETF reached $2.44 billion in a single month, setting a new high in nearly six months, and the total management scale surpassed $100 billion for the first time, indicating a significant rebound in market risk appetite.In terms of product performance, the overall annualized return of Gate's private wealth USDT strategy is approximately 5.6%, continuing its steady performance. The "Interstellar Hedge (USDT)" has achieved a cumulative return of 18.2%, with all 22 cycles generating positive returns, achieving a win rate of 100%; the "Star Core Intelligent Investment (USDT)" has reached a maximum return rate of 9.5% in the past year; the "Gravitational Hedge (USDT)" has maintained a win rate of 100% for two consecutive years, with a maximum drawdown of only 0.01%, demonstrating outstanding risk control capability. Overall, the historical maximum drawdown of each strategy is generally controlled within 0.9%.Looking ahead, the report points out that the BTC RHODL ratio has risen to 4.5, the third highest level in history, while exchange reserves have fallen to a seven-year low, indicating an enhanced trend of long-term holding and continued supply contraction, with a generally optimistic outlook for the medium to long-term market.

User Cprkrn on social media stated that he successfully recovered a wallet with lost recovery phrases using the AI model Claude developed by Anthropic, retrieving approximately $400,000 worth of Bitcoin.The user's post quickly garnered millions of views and sparked widespread discussion about the potential applications of AI in recovery phrase restoration and the security of crypto assets. Currently, neither Anthropic nor Claude has confirmed or responded to this claim.

CryptoQuant analyst Darkfost stated that despite the challenges posed by the US-Iran conflict and inflationary pressures on the market, there have been recent signs of recovery in the altcoin market. He pointed out that after experiencing an overall correction of over 50%, the altcoin sector is gradually regaining activity. This round of adjustment is influenced not only by the BTC correction but also by the dilution of market tokens. Currently, there are approximately 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% from the BSC chain.He noted that the overall performance of altcoins listed on Binance has returned to levels seen since September 2025. Currently, about 21% of altcoins listed on Binance have regained their position above the 200-day moving average, while only 2% of tokens maintained above this key technical level in February of this year.Darkfost believes this indicates that market interest in altcoins is gradually rising, which is an important signal for investors looking to allocate to altcoins. However, he also emphasized that it is still too early to determine if the "altcoin season" has begun, as market liquidity remains limited.

Aave stated that the first steps of the rsETH technical recovery plan have been completed, which includes the destruction of the rsETH held by the attacker on Arbitrum. In the coming days, stakeholders will gradually replenish funds to the LayerZero OFT adapter and restart rsETH-related operations in phases.Kelp previously stated that it has completed a series of rsETH endorsement recovery steps with Aave, planning to gradually inject 117,132 rsETH from the Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.

According to CoinDesk, the floor price of Bored Ape (BAYC) NFTs has risen from about 5 ETH to over 10 ETH in the past month, while ApeCoin (APE) has also rebounded from below $0.1 to about $0.16 during the same period, with trading volume significantly increasing.At the same time, frequent security vulnerabilities in the DeFi sector and a continuous decline in yields have prompted some funds to shift towards the NFT market. The trend of NFT financialization is also heating up, with a recent $2.8 million loan transaction collateralized by a CryptoPunk attracting widespread attention, with the lender expected to earn about $138,000 in interest within 90 days. Blue-chip collections like Pudgy Penguins have also strengthened, further boosting market sentiment regarding the potential token issuance by OpenSea.

Aave posted on platform X that the second phase of the rsETH event recovery technical plan has made progress. The 8 positions of the hacker on Aave V3 have been liquidated, and the recovered rsETH collateral has been handed over to the recovery custodian. The Arbitrum DAO has passed a proposal to return the previously recovered $71 million ETH.In response to the plaintiff's application for fund seizure, the judge has approved Aave LLC's proposal, allowing the transfer of the $71 million ETH to Aave LLC through on-chain voting by the Arbitrum DAO. Subsequent plans include destroying rsETH on Arbitrum and restoring the rsETH reserve. Once the reserve is restored, withdrawals will be reopened, and the WETH LTV on the Aave V3 Ethereum mainnet will be reinstated.

Glassnode analysis indicates that Bitcoin has broken through key resistance, rising to $82,000 - $83,000, ending several weeks of narrow fluctuations, and market volatility has returned.Options data shows that the short-term 1-week implied volatility has rebounded by about 6 points, while long-term volatility remains moderate, and short-term trading demand has quickly recovered. In terms of sentiment and positioning, the 25 delta skew is converging towards neutral, with reduced demand for downside hedging; short-term outlook is slightly bearish, while long-term has turned bullish, with upward expectations being repriced. Structurally, implied volatility exceeds realized volatility, and the VRP has turned positive; there is a concentration zone of about $2 billion in "short gamma" around $82,000, which may amplify volatility. Over the past 24 hours, the proportion of call options sold is 81%, indicating that the market tends to consolidate.

According to Jinshi reports, economist Anna Wong stated that the hiring performance in April was unexpectedly strong, but the unemployment rate rose. This combination suggests that the job growth rate needed to maintain a stable unemployment rate may be higher than the near-zero growth level previously estimated by the Federal Reserve. In the April employment report, the freight industry contributed more than half of the new jobs for the month, confirming the improvement signals released in recent PMI and regional Federal Reserve manufacturing surveys. Wong expects the Federal Reserve to likely keep interest rates unchanged until the fourth quarter, at which point, as the unemployment rate rises, a 50 basis point rate cut is anticipated.

According to the official announcement, all markets on the Coinbase exchange have resumed trading.

Lido released the latest updates on the Kelp security incident, stating that the Snapshot vote regarding the EarnETH first loss protection mechanism being below the 1% threshold has reached the quorum and been approved. The losses for EarnETH users will be fully covered by the Lido Earn first loss mechanism.The rsETH held by the attacker has been liquidated, and the related stETH has been transferred to the DeFi United rescue plan. In addition, the EarnETH treasury is expected to reopen shortly after the Kelp protocol resumes operations, at which point users will be able to conduct normal deposit and withdrawal operations. Lido emphasized that during the freeze period, the EarnETH and EarnUSD treasuries continue to generate returns. Currently, EarnETH users only need to wait for the brief unfreezing process to complete, and once the funds are restored, they will be compensated according to the first loss protection mechanism.