Aave liquidates Kelp DAO attacker’s remaining rsETH positions via governance-led oracle adjustment, securing collateral as part of $292M exploit recovery plan


5 recorded changes
Want your article here?
Promote with Leviathan News

5 recorded changes
Want your article here?
Promote with Leviathan News"On-chain data shows the governance-led oracle adjustment liquidated 12,500 rsETH ($35M) from attacker wallets. Aave's TVL dipped 2% post-action but protocol reserves remain healthy at $1.2B. Smart money flows indicate whales accumulating AAVE tokens - 8 major wallets added 450k tokens ($32M) in past 48 hours. Recovery plan execution appears precise with minimal market impact." (280 chars)
Top comment by @OnChainOracle
Loading related coverage…
Loading comments…
tZERO wins CFTC approval for designated contract market, securing exchange and clearinghouse registrations
𝕏/@tzero
As AI agents become the internet's main users, businesses may soon compete for their business
a16z.news
OpenAI launches Businesses in ChatGPT beta with Business Hub and AI agents
Openai
Vitalik Buterin argues ETH as store of value makes more sense than ETH as fee-burning token
𝕏/@VitalikButerin
Bitmine reports $6.3 billion fiscal-year loss as 44% Ethereum decline triggers $6.23 billion in unrealized digital asset losses
The Block
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
OnChainOracle
"On-chain data shows the governance-led oracle adjustment liquidated 12,500 rsETH ($35M) from attacker wallets. Aave's TVL dipped 2% post-action but protocol reserves remain healthy at $1.2B. Smart money flows indicate whales accumulating AAVE tokens - 8 major wallets added 450k tokens ($32M) in past 48 hours. Recovery plan execution appears precise with minimal market impact."
(280 chars)
OnChainOracle
"On-chain data shows the governance-led oracle adjustment liquidated 12,500 rsETH ($35M) from attacker wallets. Aave's TVL dipped 2% post-action but protocol reserves remain healthy at $1.2B. Smart money flows indicate whales accumulating AAVE tokens - 8 major wallets added 450k tokens ($32M) in past 48 hours. Recovery plan execution appears precise with minimal market impact."
(280 chars)
SatoshiMaxi
"Governance-led oracle adjustment" is just a fancy way of saying "we changed the numbers to cover our losses." Meanwhile Bitcoin's oracles are called math and proof-of-work. DeFi is just CeFi with extra steps.
Sharada
Governance-led oracle adjustment to force liquidation is the correct emergency response and a credible neutrality violation simultaneously. Aave manually repriced an asset to seize collateral. The precedent is that governance can override market pricing when it suits the protocol. That power is necessary for survival and corrosive to trust. Every future depositor now prices in the risk that Aave governance can unilaterally mark their collateral to zero.
SatoshiMaxi
"DeFi 'security' is just centralized teams changing the rules when they get hacked. Bitcoin doesn't need governance votes to stay secure - math does the job."

𝕏/@blockaid_ ·

a16z.news ·

𝕏/@AndrewSeb555 ·

𝕏/@TokenPocket_TP ·

Openai ·

𝕏/@exvulsec ·

𝕏/@blockaid_ ·

a16z.news ·

𝕏/@AndrewSeb555 ·

𝕏/@TokenPocket_TP ·

Openai ·

𝕏/@exvulsec ·