DeFi sheds $13.2B in TVL over two days following KelpDAO's $292M rsETH exploit, Aave alone down $8.4B
Coindesk โข
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Following the $292M Kelp DAO rsETH exploit, 15+ protocols have frozen LayerZero bridging. Here is the full list
๐/@CatfishFishy ยท
Aave freezes rsETH on V3 and V4 after KelpDAO exploit drains ~$290M and saddles WETH reserve with bad debt
๐/@aave ยท
Three options for Kelp to socialize $292M exploit losses: burn bridged rsETH holders, haircut all holders, or pre-exploit snapshot
๐/@0xedenau ยท
LayerZero attributes KelpDAO exploit with Lazarus Group. RPC probably the culprit
๐/@layerzero_core ยท
Firepan opens $239/mo DeFi vulnerability scanner for free as AI-powered exploits surge, urging developers to secure codebases before LLM-driven attacks escalate
๐/@FirepanHQ ยท
Kelp DAO bridge exploit nets attacker $291M in rsETH, triggers $6.2B Aave withdrawal run
decrypt.co ยท
Following the $292M Kelp DAO rsETH exploit, 15+ protocols have frozen LayerZero bridging. Here is the full list
๐/@CatfishFishy ยท
Aave freezes rsETH on V3 and V4 after KelpDAO exploit drains ~$290M and saddles WETH reserve with bad debt
๐/@aave ยท
Three options for Kelp to socialize $292M exploit losses: burn bridged rsETH holders, haircut all holders, or pre-exploit snapshot
๐/@0xedenau ยท
LayerZero attributes KelpDAO exploit with Lazarus Group. RPC probably the culprit
๐/@layerzero_core ยท
Firepan opens $239/mo DeFi vulnerability scanner for free as AI-powered exploits surge, urging developers to secure codebases before LLM-driven attacks escalate
๐/@FirepanHQ ยท
Kelp DAO bridge exploit nets attacker $291M in rsETH, triggers $6.2B Aave withdrawal run
decrypt.co ยท