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Another Defi exploit just happened through KelpDAO.
116,500 $rsETH was minted through a bridge vulnerability, worth about $291M.
The attacker used it as collateral on Aave to borrow ETH, leaving the protocol exposed to a massive hole in the ETH market.
Aave itself wasn’t directly hacked, but the impact has forced a freeze on $rsETH markets while the situation is being reviewed.
Withdrawals have been affected, and users are currently unable to exit positions as usual.
The only available route was to swap ETH to USDC but right now it's not available either.
This came just a few weeks after the Drift Protocol hack.
It's not looking good for DeFi