😤 KelpDAO Hack Aftermath - $292M rsETH Exploit
The consequences are still unfolding:
🔴 rsETH markets frozen on Aave V3/V4, SparkLend, Fluid, and 9+ other protocols
🔴 Multiple DeFi platforms have paused LayerZero integrations as a precaution
🔴 MoveVM developers are pushing for a full migration to the MOVE language (local pump in related tokens)
KelpDAO and LayerZero are preparing a joint detailed report, but the community is unhappy with LayerZero’s 10-hour silence.
In a surprising move, Justin Sun publicly offered the hacker a deal: “How much do you want? Let’s just talk. It’s not worth sacrificing $AAVE and KelpDAO.
AAVEUSDT
Perp
92.22
-0.29%
What do you think - will this exploit cause more contagion in DeFi or will the teams contain the damage quickly? Drop your thoughts below 👇