Aave Unpauses rsETH Markets After Coordinated $292 Million Kelp DAO Recovery
TLDR: An attacker minted 116,500 unbacked rsETH tokens worth $292M by exploiting Kelp DAO’s LayerZero bridge in April. Aave paused...
Chainlink Wins $700M Bitcoin Migration From Solv Protocol
TLDR Solv Protocol will migrate $700 million in tokenized bitcoin to Chainlink CCIP for cross-chain transfers. The platform will p...
Ether.fi Hardens weETH Bridge Security Across 20 Chains After $292M rsETH Exploi...
TLDR: A forged cross-chain message released $292M in unbacked rsETH due to a single-DVN bridge misconfiguration. Ether.fi pinned m...
Crypto Decentralization Myth Busted: ETH And USDT Freezes Unveil A Shocking Trut...
Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds....
Mantle Weighs 30,000 ETH Credit Facility to Cover Aave rsETH Exploit Fallout
TLDR: Mantle may lend Aave DAO up to 30,000 ETH after the rsETH bridge exploit on April 18. Attackers used 89,567 stolen rsETH on...
DeFi Just Lost $15 Billion in Three Days. Something Deeper Than a Hack Is Behind...
DeFi is having one of its most difficult weeks in recent memory. What started as a single exploit on April 19 has since cascaded i...
Ripple CEO Breaks Down How XRP Ledger DeFi Users Are Protected From Attacks Like...
David Schwartz, the former Chief Technology Officer (CTO) of Ripple, has addressed recent concerns over DeFi bridge security, reas...
AAVE Price Plummets By 26%: $9 Billion Net Outflows Traced To Kelp DAO Hack
A $292 million hack tied to restaking protocol Kelp DAO has rippled through decentralized finance (DeFi) lending and market confid...
Aave Faces Liquidity Crunch After $292M rsETH Exploit Drains ETH Pool
TLDR: A $292M rsETH exploit enabled massive borrowing on Aave, leaving the protocol with unbacked collateral exposure. Aave’s ETH...
Kelp DAO rsETH Bridge Hack Drains $292M as DeFi Losses Top $600M in Two Weeks
TLDR: An attacker drained 116,500 rsETH worth $292M from Kelp DAO’s LayerZero-powered bridge in one attack. Stolen rsETH was depos...