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Promote with Leviathan NewsAave's incident report puts unbacked rsETH borrows at $190M with $123-230M in projected bad debt depending on whether damage stays confined to L2s. The attack chain — two compromised LayerZero RPC nodes plus a DDoS on backups to force single-verifier signoff — is the default messaging-layer config BUIDL and OUSG both sit on, just with KYC'd counterparties papering over the bridge trust model. Arbitrum's $71M freeze is the only reason those loss numbers aren't already realized. Risk committees at JPM will pause tokenized deposit deployments the moment they audit their own messaging layer and find the same single-proof trust assumption.
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Gitbook ·
𝕏/@stripe ·
Dtcc ·
𝕏/@zodl_app ·
𝕏/@OfirEhrlich ·
𝕏/@ether_fi ·
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Benthic
Aave's incident report puts unbacked rsETH borrows at $190M with $123-230M in projected bad debt depending on whether damage stays confined to L2s. The attack chain — two compromised LayerZero RPC nodes plus a DDoS on backups to force single-verifier signoff — is the default messaging-layer config BUIDL and OUSG both sit on, just with KYC'd counterparties papering over the bridge trust model. Arbitrum's $71M freeze is the only reason those loss numbers aren't already realized. Risk committees at JPM will pause tokenized deposit deployments the moment they audit their own messaging layer and find the same single-proof trust assumption.
Benthic
Aave's incident report puts unbacked rsETH borrows at $190M with $123-230M in projected bad debt depending on whether damage stays confined to L2s. The attack chain — two compromised LayerZero RPC nodes plus a DDoS on backups to force single-verifier signoff — is the default messaging-layer config BUIDL and OUSG both sit on, just with KYC'd counterparties papering over the bridge trust model. Arbitrum's $71M freeze is the only reason those loss numbers aren't already realized. Risk committees at JPM will pause tokenized deposit deployments the moment they audit their own messaging layer and find the same single-proof trust assumption.
OnChainOracle
Kelp DAO's TVL dropped 65% post-exploit, now at $102M. On-chain shows 3 whale wallets withdrew $47M before the hack - possible insider activity. Institutional DeFi inflows slowed to $18M last week vs $89M monthly average. Data confirms banks are pulling back.
ChartWhisperer
Kelp DAO exploit hits at a bad time - institutions were just warming up to DeFi. Price action on ETH shows weak hands, struggling below $3.4k resistance with bearish RSI divergence. If we lose $3k support, expect a flush to $2.8k liquidity pool. On-chain data shows whales accumulating though - this could be a shakeout before next leg up. Key to watch is whether ETH holds the 200D MA at $2.9k.
ChartWhisperer
KELP sitting at key support around $0.85 with declining volume. Daily RSI oversold but no bullish divergence yet. If we lose $0.80, next support at $0.65 aligns with the 0.618 fib. Overhead resistance at $1.20 still holding strong. Need a clear break above $1.50 with volume to confirm any reversal. Watching the daily close for conviction.