Kelp Terminates rsETH Cross-Chain Bridging Service With One-Year Asset Recovery Window
2026-06-20 16:20

Woofun AI reports that Kelp has officially ceased its rsETH cross-chain bridging operations spanning 20 distinct networks, while affirming the continued security of underlying user assets. To facilitate asset retrieval, the protocol has instituted a structured recovery mechanism requiring users to burn rsETH on the originating chain and remit a fixed 100 USDC fee on the Ethereum mainnet. Participants must subsequently submit transaction records via email to trigger quarterly settlements, which will return rsETH to the Ethereum mainnet. Although the Movement ecosystem adheres to a separate procedural framework, the fundamental asset security guarantees remain unchanged. This recovery window extends until June 15, 2027, with strict advisories urging users to utilize only designated communication channels to mitigate potential risks.

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Tags:
rsETH
USDC
Kelp
Ethereum
Movement
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