#aave #zro #eth


😐 Over $6 billion has already been withdrawn from AAVE protocols!

Reason: KelpDAO hack
➤ Markets #rsETH frozen in Aave V3/V4, SparkLend, Fluid, and more than 9 other protocols.

➤ Layer Zero is called a “leaky” DEFI + the project team was silent for 10 hours after the hack. Later, they only wrote, “We are aware of the hack…trying to determine the root cause.”

Many DeFi protocols are stopping LayerZero integrations (OFT bridges).

➤ Kelp + LayerZero are preparing a joint official detailed public report (post mortem).

➤ MoveVM developers are pushing the transition of DEFI to the MOVE programming language. The #MOVE token price rose 44% during (Movement).

➤ Justin Sun offers )the KelpDAO hacker a deal - “KelpDAO hacker, how much do you want? Let’s just talk. There’s no need to sacrifice both Aave and KelpDAO and let them go under because of this hack. Anyway, $300m you can’t spend it.”

He personally withdrew 65,584 ETH from AAVE (approximately $154 million).

➤ The hacker tried to steal another about 80,000 rsETH, but was stopped. The damage could have exceeded $400 million…

➤ Wrapped rsETH across 20+ L2 chains (Base, Arbitrum, Linea, and others) are now left without collateral.
AAVE-18,36%
ZRO-13,34%
ETH-1,81%
MOVE7,16%
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