A hacker achieves a massive theft $293M from KelpDAO, issues fake rsETH, and heads to Aave carrying a borrowed $123M position as if they own the blockchain.


Then the story takes a turn.
The Aave team manually lowers the rsETH oracle price, liquidates all positions, and wipes out the attacker’s position using their stolen funds.
$293 million was hacked… only to be completely lost by the protocol that stole it.
A new record in global karma speed %. 🤡💸⚡
AAVE-0.71%
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