🚨 MASSIVE HACK: Kelp DAO Exploited for $292M 🚨
Hackers stole 116,500 rsETH via LayerZero bridge vulnerability 🕳️
They then used these fake assets as collateral on Aave to borrow real ETH, creating $177M BAD DEBT 📉
💥 Impact:
🔴 AAVE price dumped -19%
🔴 ETH Utilization hit 100% ⚠️ Users CANNOT WITHDRAW right now!
🔴 Over $5.4 Billion outflow from the protocol
🔴 Justin Sun withdrew 65,584 ETH (~$154M) amid panic 😳
Major DeFi protocols are freezing markets to contain the damage. Extreme caution advised! 🛑
$AAVE $ETH $TRX
#KelpDAO #Aave #DeFi #Hack #CryptoNews
Hackers stole 116,500 rsETH via LayerZero bridge vulnerability 🕳️
They then used these fake assets as collateral on Aave to borrow real ETH, creating $177M BAD DEBT 📉
💥 Impact:
🔴 AAVE price dumped -19%
🔴 ETH Utilization hit 100% ⚠️ Users CANNOT WITHDRAW right now!
🔴 Over $5.4 Billion outflow from the protocol
🔴 Justin Sun withdrew 65,584 ETH (~$154M) amid panic 😳
Major DeFi protocols are freezing markets to contain the damage. Extreme caution advised! 🛑
$AAVE $ETH $TRX
#KelpDAO #Aave #DeFi #Hack #CryptoNews