Just one article is enough | Aave had an incident. But this isn’t really Aave’s fault. KelpDAO had a cross-chain bridge exploited, which was used to mint 116.5k rsETH out of thin air, worth about $292 million. The attacker was quick and immediately took this pile of “fake coins” to Aave, deposited them as collateral, and borrowed 82.6k real ETH, totaling $195 million. By the time Kelp responded and hit the pause button, 46 minutes had passed. Aave

AAVE-3.47%
ETH1.09%
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