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Lido responds to Kelp security incident: Only approximately 9% exposure to EarnETH affected, stETH remains unaffected
Golden Finance reports that Lido has released the latest update on the Kelp security incident on the X platform, stating that its Earn series vaults are working with management to address the issues, involving rsETH exposure and liquidity stress in the lending market. Currently, the core staking protocols remain unaffected, with both stETH and wstETH maintaining safety and stability. Only the EarnETH vault has approximately 9% TVL in rsETH exposure, and related deposits and withdrawals have been suspended by management while awaiting the implementation of a solution.
Lido states that about $70 million worth of ETH has been recovered from the previous attack, and the recovery of assets and loss distribution are still underway. Regarding other vaults, DVV and EarnUSD are unaffected and operating normally; GGV sub-vaults are experiencing negative yields due to the cyclical staking strategy combined with rising lending rates, but they are actively adjusting.