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Stani Kulechov: Attacker’s rsETH position liquidated on Ethereum and Arbitrum

Stani Kulechov: Attacker’s rsETH position liquidated on Ethereum and Arbitrum
RsETH attacker liquidated on blockchains

Stani Kulechov, founder and chief executive officer (CEO) at Avara, announced the liquidation of the attacker’s position related to rsETH on both Ethereum and Arbitrum.

Kulechov acknowledged the significant technical work by contributors and indicated that further steps in the recovery plan will follow soon.

Kulechov previously announced that ethereumJoseph and Consensys contributed 30,000 ETH to DeFi United to support rsETH and maintain confidence in DeFi here. He has also referenced an upcoming proposal to increase ETH supply caps on Core after current limits were reached, emphasizing security as a priority in a separate update. These developments follow ongoing efforts to stabilize the platform.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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