DEGEN NEWS

NEW: AAVE ANNOUNCES "ACCORDING TO OUR ANALYSIS, RSETH ON ETHEREUM MAINNET IS FULLY BACKED" - "OUT OF AN ABUNDANCE OF CAUTION, RSETH REMAINS FROZEN ACROSS AAVE V3 AND V4 AND EXPOSURE TO THE INCIDENT IS CAPPED. WETH RESERVES ALSO REMAIN FROZEN ACROSS AFFECTED MARKETS..."

NEW: 0XQUIT SAYS "THE AAVE SITUATION IS BAD AND GETTING WORSE. MULTIPLE OTHER POOLS ARE HITTING 100% UTILIZATION, LEAVING LENDERS STUCK AND THE PROTOCOL AT RISK OF FURTHER BAD DEBT"

NEW: VERCEL SAYS IT HAS "IDENTIFIED A SECURITY INCIDENT THAT INVOLVED UNAUTHORIZED ACCESS TO CERTAIN INTERNAL VERCEL SYSTEMS" - "WE HAVE IDENTIFIED A LIMITED SUBSET OF CUSTOMERS THAT WERE IMPACTED"

NEW: DEFILLAMA'S 0XNGMI SAYS "THE RSETH HACK IS LEADING TO WITHDRAWALS ACROSS ALL LENDING PROTOCOLS, EVEN ON SOLANA AND UNAFFECTED PROTOCOLS" - "TOTAL DEFI TVL DROPPED ALMOST 10BN FROM THIS"

NEW: AAVE TVL DROPS OVER $6 BILLION FOLLOWING BAD DEBT TRIGGERED BY $290M+ $RSETH EXPLOIT ON KELPDAO

NEW: JUSTIN SUN ASKS “KELPDAO HACKER, HOW MUCH YOU WANT? LET’S JUST TALK. WITH KELPDAO’S HELP, OF COURSE” - “YOU CAN’T SPEND $300 MILLION ANYWAY”