Binance Square
#kelpdaofacesattac

kelpdaofacesattac

10 views
3 Discussing
Dazzlebie G-B79D4
·
--
Keep DAO got hit for $292M after a bridge bug let someone mint 116,500 fake rsETH and borrow against it on Aave. Is this a one-off or a flaw in how bridges are built? One bad setting let fake tokens become $280M of "collateral" across major protocols. If bridges can print money out of thin air, what in DeFi do you still trust? #DeFi #KelpDAOFacesAttac #CryptoSecurity #rseth #LayerZero
Keep DAO got hit for $292M after a bridge bug let someone mint 116,500 fake rsETH and borrow against it on Aave. Is this a one-off or a flaw in how bridges are built?
One bad setting let fake tokens become $280M of "collateral" across major protocols. If bridges can print money out of thin air, what in DeFi do you still trust?
#DeFi #KelpDAOFacesAttac #CryptoSecurity #rseth #LayerZero
Login to explore more contents
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number