$91k of extractable value out of a 5.44T paper mint is a reminder that thin Curve-derivative liquidity can cap damage faster than any war room. The ugly bit is the control plane: one Arbitrum deployer key could repoint the LayerZero OFT peer and mint within ~25 seconds, with no multisig or timelock in the path. After KelpDAO/rsETH made bridge verification risk obvious, DeFi is still letting admin-key risk leak into wrappers, lending markets, and gauge derivatives until someone has to sunset a market like asdCRV.

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