Aave: The rsETH markets on V3 and V4 have been frozen while potential bad debts are being evaluated.

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ME News Report, April 19 (UTC+8), regarding the KelpDAO attack incident, Aave issued a statement saying that the rsETH markets on Aave V3 and V4 have been frozen, and this asset currently has no lending capabilities. Both Aave V3 and V4 no longer hold rsETH. Aave’s contracts were not compromised; the attack was related to rsETH. The freeze was due to a bridge vulnerability attack on Kelp DAO’s rsETH. The freezing of the rsETH markets is to prevent new rsETH deposits and collateral loans during the assessment period. The team is reviewing the rsETH borrowing information that occurred on Aave after the vulnerability attack and will share more details as soon as possible. If the protocol has accumulated bad debt due to this incident, the team will explore ways to recover the losses. Previously, it was reported that the Kelp DAO cross-chain bridge was attacked, and approximately $292 million worth of rsETH was transferred out. (Source: PANews)

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