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KelpDAO was hacked, with the hacker exploiting a LayerZero cross-chain bridge vulnerability to steal 116.5k $rsETH
, roughly $292 million, accounting for 18% of the circulating supply.
$rsETH is collateral for AAVE; the hacker deposited and borrowed a large amount of $WETH , leading to a potential bad debt of $aave (estimated at $100-200 million).
Not long ago, there was also an $drift incident.
Whether in a bull or bear market, you must protect your assets well.
You are managing your finances, but hackers are managing your principal.