Kelp announces formal termination of rsETH cross-chain bridging, with a one-year recovery window provided

Odaily Planet Daily News: Kelp has announced the formal termination of its rsETH cross-chain bridging service across 20 networks. However, it emphasizes that user asset backing remains secure. If users have not completed the cross-chain operation before the deadline, they can retrieve their assets through a recovery process: destroy rsETH on the source chain, pay a fixed fee of 100 USDC on Ethereum mainnet, then submit records of both transactions via email to the official team. The project team will settle quarterly and transfer rsETH back to Ethereum mainnet. Users within the Movement ecosystem will follow a separate processing procedure, but the asset security guarantee mechanism remains consistent.

Kelp stated that this recovery window will remain open until June 15, 2027, while reminding users to only submit requests through this designated email address to avoid risks.