Kelp DAO Exploit Drains ₱17.45 billion ($291 million), Triggers ₱371.71 billion ($6.2 billion) Aave Withdrawal Crisis
A phantom message exploited LayerZero infrastructure to release 116,500 rsETH without removing corresponding tokens from Unichain, according to blockchain researcher Stacy Muur. The stolen tokens were dumped on Aave, where attackers borrowed regular funds against the fake collateral, creating massive bad debt and sparking panic withdrawals.
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