Aave Faces Crisis: rsETH Exploit Drains $250M as TVL Plunges $7B and AAVE Token Falls 15%

TLDR: An rsETH collateral exploit on Aave allowed an attacker to extract approximately $250 million from the protocol Aave’s total value locked dropped by roughly $7 billion in a single day following the exploit and mass withdrawals Exchange inflows for AAVE surged to over 355,000 tokens, totaling around $32 million across all platforms The AAVE [...]

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