Kelp DAO completes rsETH recovery plan after $292 million exploit

Kelp DAO has completed the main recovery work tied to the rsETH exploit after sending the final 20,373.72 rsETH batch to the rsETH OFT adapter, the contract used to support rsETH transfers across chains.

The final tranche of 20,373.72 rsETH has been sent to the rsETH OFT adapter earlier today. This closes the operational part of the rsETH recovery plan.

Tx: https://t.co/fB2HLWvggk

— Kelp (@KelpDAO) May 25, 2026

The transfer closes the operational part of the recovery plan, which focused on refilling the adapter after the exploit disrupted rsETH backing and temporarily affected normal protocol activity. Kelp said mints, redemptions, and rewards have been running normally since the protocol was unpaused.