DeFi Shockwave Reveals US$291M Exploit, Triggers Aave Liquidity Crunch
A cross-chain exploit involving rsETH drained US$291M, exposing weaknesses in Kelp DAO’s infrastructure and triggering a wider DeFi response. Aave froze affected markets as liquidity evaporated, with customers unable to withdraw and compelled into defensive borrowing behaviour. The incident sparked billions in outflows and renewed scrutiny of cross-chain design dangersContinue Reading


