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 said in a post that the rsETH markets on Aave V3 and V4 have been frozen, and this asset currently does not have any lending capabilities. Aave V3 and V4 no longer hold rsETH. Aave’s contracts were not compromised; the attack was related to rsETH. This freeze was caused by the bridge vulnerability attack on Kelp DAO’s rsETH bridge. Freezing the rsETH markets is intended to prevent new rsETH deposits and collateralized borrowing during the assessment period. The team is reviewing the rsETH borrowing information on Aave that occurred 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 make up for 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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