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Aave Liquidates 8 Hacker Positions on May 6, Court Approves Transfer of $71M ETH

GateNews

Project Progress ethereum news

2026-05-09 02:00:40

AAVE1.71%

ETH-0.15%

ARB-0.77%

According to Aave’s statement on X, on May 6, eight hacker positions on Aave V3 were liquidated, with the recovered rsETH collateral transferred to recovery custodians. The Arbitrum DAO approved a proposal to return the previously recovered $71 million in ETH. A judge approved Aave LLC’s request to transfer the funds through Arbitrum DAO on-chain voting. Subsequent steps include burning rsETH on Arbitrum and restoring rsETH reserves before reopening withdrawals.

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