LayerZero places buy orders worth tens of thousands of ETH, bringing a key turning point to the DeFi industry
The rsETH crisis finally reaches a milestone: the party responsible for the vulnerability, LayerZero, officially admits that its bridged DVN vulnerability is the root cause of the risk, and pledges to invest more than 10,000 ETH (about $23 million) in rescue efforts—5,000 ETH donated to DeFi United, and another 5,000 ETH injected into the Aave market to supplement liquidity.
This is a rare case in the history of DeFi in which the responsible party publicly takes responsibility and fund

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What price will Bitcoin hit in April?

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GateUser-16838403:

DeFi United都140kETH了，救援力度 unprecedented

Mining_sLittleSheep

04-29 04:02

Let's talk about today's big news
LayerZero Labs finally came out and admitted: the issue with rsETH was caused by a vulnerability in our bridge to DVN.
How to compensate? Directly pay 10k ETH (about $23 million)—5,000 ETH donated to DeFi United, and 5,000 ETH directly injected into the Aave market to boost liquidity.
Including previous contributions, DeFi United has now raised over 140k ETH (about $330 million).
Consensys, Arbitrum DAO, Aave DAO, Compound, Mantle, LayerZero... all the big names are involved.
This is the largest industry-led rescue effort in DeFi history. A systemic crisis tri

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JinshanYinshan

04-29 00:35

#Aave联合多方启动rsETH全额资产修复计划
Today marks my 674th day of posting updates actively; each post is prepared with care, not just out of routine. If you think I am a serious person, you can join me, and I hope the daily content can help you. The world is vast, and I am small. Follow me so you don’t have trouble finding me.
On April 18th, the KelpDAO cross-chain bridge vulnerability led to the minting of approximately 116.5k uncollateralized rsETH, causing serious impacts on the DeFi lending market. In response to the crisis, Aave stepped up and, together with ecosystem partners, launched the “DeFi Uni

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SoominStar:

1000x VIbes 🤑

SmartStarTradingNotes

04-28 00:04

ETH is basically in a “massacre”! First, take a look at the liquidation data. In 24 hours, the total ETH liquidations reached 150 million. Long positions accounted for the biggest share—nearly 99 million—while short positions were also liquidated at over 50 million. Long and short were both wiped out; no one got away.
Especially in the 12-hour data, longs were liquidated for more than 57 million, indicating that during this drop, those who chased longs were harvested mercilessly. Short liquidations make up a higher proportion in the 1-hour and 4-hour timeframes as well, which also suggests the

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