
Dazed and Confused
33 posts

Dazed and Confused
@spammymobile
Nontraditional boomer, with Bitcoin AND Buttcoin (among others, of course).



















So for now 9 protocols hit because of this @KelpDAO got exploited their liquid restaking token $rsETH was compromised with 116.5k ETH ($293M) withdrawn Then attacker used rsETH as collateral to borrow ETH on @aave, creating massive bad debt and pushing AAVE token down Now Aave multisig froze rsETH on the lending market Attacker wallets funded via Tornado Cash Kelp’s team emergency pauser multisig froze the protocol’s core contracts roughly 46 minutes after the successful drain They still haven't posted anything publicly after almost 3h Protocols that froze their markets: - Aave V3 (could be in a bad debt) - SparkLend - Lido Earn (Mellow strategy meta-vault) - Fluid - Compound - Euler - Upshift (paused High Growth ETH and Kelp Gain vaults) - Pendle PT/YT tokens - some Beefy strategies, possibly Yearn and LayerZero LSTs and restaking have been the fastest growing narrative this cycle





