$292 million stolen from KelpDAO yesterdayđš
That is not the scary part.
Aave â the largest lending protocol in DeFi â lost $11.6 billion in TVL the same dayđ
31 out of 50 top DeFi protocols posted declines within 24 hoursâ ïž
The attacker's wallet traces directly to Tornado CashđȘïž
I pulled up my DeFi positions this morning and went through every single one.
Here is what concerns me most. KelpDAO is a restaking protocol. Every protocol using restaked ETH as collateral just inherited this risk whether they wanted to or not.
This is not contained. Restaking connects everythingđ
The question nobody is asking yet â how many other protocols are sitting on the same vulnerability right now?
$ETH #DeFi #crypto #KelpDAO #AAVE
That is not the scary part.
Aave â the largest lending protocol in DeFi â lost $11.6 billion in TVL the same dayđ
31 out of 50 top DeFi protocols posted declines within 24 hoursâ ïž
The attacker's wallet traces directly to Tornado CashđȘïž
I pulled up my DeFi positions this morning and went through every single one.
Here is what concerns me most. KelpDAO is a restaking protocol. Every protocol using restaked ETH as collateral just inherited this risk whether they wanted to or not.
This is not contained. Restaking connects everythingđ
The question nobody is asking yet â how many other protocols are sitting on the same vulnerability right now?
$ETH #DeFi #crypto #KelpDAO #AAVE