Hacker Lazarus has successfully siphoned off 75,700 ETH via THORChain.
The funds frozen by Arbitrum are just a drop in the ocean compared to the $292 million loss.
The DeFi United alliance, comprising Aave and Lido, is working to cover losses with reserve funds.
Lido's conditions are stringent: Rescue will only be granted if 100% liquidity is available to avoid a chain reaction of bad debt.
rsETH remains precarious on the brink of a decline.
Users are facing two choices: Accept a 15% cut or bet on a rescue deal from the big players.
Trust in Liquid Staking is being tested to its limits...