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KELPDAO liquidity staking tokens suspected of being exploited by hackers
On-chain data shows losses may exceed $100M
.
The hacker first stole a large amount of $rsETH
, then used the stolen $rsETH as collateral, directly staking into AAVE v3
Using the collateral limit, borrowed all $ETH from the AAVE pool
@KelpDAO is again an industry tumor 🧐 invested by @yzilabs