Bitcoin is currently over $75,500. This DeFi thing is really getting more and more outrageous! KelpDAO’s cross-chain bridge was directly hacked for $290 million worth of fake rsETH—everything is worthless air assets. In the end, it all got smashed onto Aave, directly triggering a top-tier bad debt crisis.



Aave had no choice but to urgently freeze the related markets. In a single day, TVL plummeted by more than $2 billion, and liquidity basically dried up completely. Users’ mindsets collapsed entirely, and the team is still throwing blame at each other—compensation still isn’t even there yet.

The whole chain is watching this mess. Negative news is piling up like mountains, and the hype level is exploding right through the ceiling. Even more unreal: AAVE’s 24-hour price change is actually moving neither up nor down, staying at 0%. This market is really getting harder and harder to understand. Bad news—defi sushi can take off. #Bitcoin
BTC1,13%
AAVE1,51%
SUSHI1,34%
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