Techub News reports that, according to X user Ember Monitoring, KelpDAO was exploited early this morning to mint 116.5k rsETH out of thin air, resulting in a loss of approximately $293 million. Most of the 116.5k rsETH was deposited into Aave and borrowed against Ethereum, while a small portion was sold for Ethereum. The hacker obtained a total of 106,466 Ethereum through collateralization and sale, worth about $250 million.

AAVE-20.23%
ETH-3.37%
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