DeFiBearishBlockonomi · 5h ago🔥 8/10
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Aave Faces Liquidity Crunch After $292M rsETH Exploit Drains ETH Pool
A $292M exploit involving rsETH enabled attackers to borrow massive amounts against unbacked collateral on Aave, triggering a liquidity crisis as the protocol's ETH pool reached full utilization. Panic withdrawals exceeding $5.4 billion have crippled liquidity, while AAVE token technicals show weakness with critical support levels under pressure.
$ETH$AAVE