The final tranche of 20,373.72 rsETH has been deployed into the LayerZero lockbox, closing the operational phase of the DeFi United recovery. Aave founder Stani Kulechov confirmed that "rsETH is now fully restored." Withdrawals and bridging are open, and all affected Aave WETH markets are operating under standard parameters.

The recovery followed the April 18 LayerZero bridge exploit in which an attacker minted 116,500 unbacked rsETH, borrowed an estimated $236 million in WETH across Aave, Compound, and Euler, and routed stolen funds through THORChain. DeFi United is a coordinated relief effort led by Aave service providers with major contributions from various DeFi protocols.

ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.

Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

Kassandra, a researcher at the Ethereum Foundation, outlined what the team is shipping for Kohaku, an open-source initiative for designing secure and private wallets on Ethereum. Kohaku's mission is to make end-to-end privacy as the default for all Ethereum users, while minimizing reliance on trusted third parties.

The immediate priority is embedding shielded pool protocols, such as Tornado Cash, Railgun, and Privacy Pools, directly into wallets via a wallet SDK. Kassandra added that a bigger unlock will be routing all private transactions through the ERC-4337 mempool using EIP-7702, eliminating reliance on specific relayers.

The Kohaku SDK is available in alpha. An experimental browser extension wallet is also in the works. Kassandra is also building a CLI wallet that uses the SDK directly, with a showcase planned for Berlin Blockchain Week.

Kohaku is one of the three CROPS-aligned technical north stars Vitalik Buterin named earlier today alongside FOCIL and EIP-8141 in his outline of where the Ethereum Foundation is heading.

ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.

Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

Ethereum creator Vitalik Buterin outlined his personal view on where the Ethereum Foundation is heading, offering clarity amid a wave of recent departures from the organization. On the exits, he stated that respected contributors sitting outside the EF, and it is "in fact necessary if we want important tasks to be able to attract outside capital."

Vitalik says the EF's original mandate, building chain software through the Serenity roadmap, was completed in 2022 with The Merge. He added that the EF will sell less ETH as it focuses only on work critical to Ethereum's resilience. It currently holds just 0.16% of all ETH. The board is also expanding and Buterin's own influence will continue to shrink, something he says he genuinely wants.

On the technical side, Buterin outlines three north stars, all on the CROPS dimension: building a provably bug-free Ethereum via AI-assisted formal verification; keeping available chain consensus; and minimizing intermediaries via FOCIL, EIP-8141, and Kohaku. He revealed that 90% of his net worth is in ETH, which he called the most high-value financial product that Ethereum produces.

The post lands amid the most concentrated wave of EF departures in years. Tim Beiko and Barnabé Monnot stepped down from protocol leadership on May 11, and Carl Beek announced his departure on May 19 alongside researcher Julian Ma.

ETHConf lands in NYC June 8-10, bringing together 5,000+ attendees, 150+ speakers, and 100+ companies across Ethereum, stablecoins, and institutional adoption.

Get your tickets at ethconf.com and use code ETHDAILY for 30% off General and 20% off VIP.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created