ZachXBT flags $280M KelpDAO exploit as rsETH flaw sparks Aave V3 bad debt; AAVE plunges 1013%

On-chain sleuth ZachXBT has flagged an apparent $280 million exploit involving KelpDAO, after a vulnerability tied to rsETH reportedly led to a surge in bad debt on Aave V3. To limit further damage, a multisig guardian froze rsETH across lending markets. AAVE slid 1013%. @jamieCrypto has more.