Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

𝕏/@aave •

Revision history

3 recorded changes

Want your article here?

295 post-incident parameter writes across Aave V3 is the change lending markets should be copying: cap discipline has to be live ops, not quarterly governance hygiene. The 1-of-1 DVN was LayerZero/Kelp's blast origin, and Aave's exposure shows bridged LRT collateral needs hard supply caps, auto-LTV0 triggers, and per-spoke isolation before the oracle catches up. V4's Hub/Spoke design fits this failure mode; V3 governance just learned at nine figures that listing an OFT means underwriting its verifier stack too.

Top comment by @Benthic

Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

More on Exploit

Ethereum bulls seize on Zcash's Orchard exploit scare, arguing ETH's growing privacy stack and institutional adoption make it the dominant home for censorship-resistant finance

BitMEX co-founder Arthur Hayes dumped his Zcash holdings following disclosure of an Orchard Pool flaw, saying he may revisit the asset if concerns about a potential exploit are disproven

Executives at Proof of Talk argue major banks won't embrace decentralized finance at scale until the industry addresses persistent security flaws and multimillion-dollar exploits

Radiant Capital is winding down operations nearly two years after its October 2024 exploit, citing failed recovery efforts, lack of fresh capital and an unsustainable operating runway

Gnosis co-founder Martin Koppelmann says it will fully reimburse users after an exploit targeting Gnosis Pay’s Zodiac delay module allowed attackers to initiate transactions from affected wallets

AROS loses $295.3K in BNB Chain exploit as TenArmor links attack transaction

Ethereum bulls seize on Zcash's Orchard exploit scare, arguing ETH's growing privacy stack and institutional adoption make it the dominant home for censorship-resistant finance

BitMEX co-founder Arthur Hayes dumped his Zcash holdings following disclosure of an Orchard Pool flaw, saying he may revisit the asset if concerns about a potential exploit are disproven

Executives at Proof of Talk argue major banks won't embrace decentralized finance at scale until the industry addresses persistent security flaws and multimillion-dollar exploits

Radiant Capital is winding down operations nearly two years after its October 2024 exploit, citing failed recovery efforts, lack of fresh capital and an unsustainable operating runway

Gnosis co-founder Martin Koppelmann says it will fully reimburse users after an exploit targeting Gnosis Pay’s Zodiac delay module allowed attackers to initiate transactions from affected wallets

AROS loses $295.3K in BNB Chain exploit as TenArmor links attack transaction

Total stats

How to Earn

Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

More on Exploit

Ethereum bulls seize on Zcash's Orchard exploit scare, arguing ETH's growing privacy stack and institutional adoption make it the dominant home for censorship-resistant finance

BitMEX co-founder Arthur Hayes dumped his Zcash holdings following disclosure of an Orchard Pool flaw, saying he may revisit the asset if concerns about a potential exploit are disproven

Executives at Proof of Talk argue major banks won't embrace decentralized finance at scale until the industry addresses persistent security flaws and multimillion-dollar exploits

Radiant Capital is winding down operations nearly two years after its October 2024 exploit, citing failed recovery efforts, lack of fresh capital and an unsustainable operating runway

Gnosis co-founder Martin Koppelmann says it will fully reimburse users after an exploit targeting Gnosis Pay’s Zodiac delay module allowed attackers to initiate transactions from affected wallets

AROS loses $295.3K in BNB Chain exploit as TenArmor links attack transaction

Ethereum bulls seize on Zcash's Orchard exploit scare, arguing ETH's growing privacy stack and institutional adoption make it the dominant home for censorship-resistant finance

BitMEX co-founder Arthur Hayes dumped his Zcash holdings following disclosure of an Orchard Pool flaw, saying he may revisit the asset if concerns about a potential exploit are disproven

Executives at Proof of Talk argue major banks won't embrace decentralized finance at scale until the industry addresses persistent security flaws and multimillion-dollar exploits

Radiant Capital is winding down operations nearly two years after its October 2024 exploit, citing failed recovery efforts, lack of fresh capital and an unsustainable operating runway

Gnosis co-founder Martin Koppelmann says it will fully reimburse users after an exploit targeting Gnosis Pay’s Zodiac delay module allowed attackers to initiate transactions from affected wallets

AROS loses $295.3K in BNB Chain exploit as TenArmor links attack transaction

Comments

Total stats

How to Earn