Aave: The rsETH recovery plan has liquidated the hacker's positions and approved the transfer of $71 million in ETH.

According to Mars Finance, Aave announced on the X platform that the second phase of its technical solution to recover from the rsETH incident has made progress. The hacker's eight positions on Aave V3 have been liquidated, and the recovered rsETH collateral has been transferred to the recovery guardian. The Arbitrum DAO has passed a proposal to return the previously recovered $71 million in ETH. Regarding the plaintiff's application for fund seizure, the judge has approved Aave LLC's proposal to allow the transfer of the $71 million in ETH to Aave LLC through an on-chain vote on the Arbitrum DAO. Subsequent plans include burning rsETH on Arbitrum and restoring the rsETH reserves. Once the reserves are restored, withdrawals will be reopened, and the WETH LTV on the Aave V3 Ethereum core network will be restored.