$6,280,000,000 Abruptly Exits Ethereum-Based Lending Platform As Cross-Chain Hack Triggers Mass Withdrawals

The total value locked in one of crypto’s most trusted decentralized lending platforms is plummeting after hackers successfully attacked a third-party cross-chain staking protocol. According to LookonChain, Aave has witnessed its TVL plunge by $6.28 billion in under 48 hours after KelpDAO’s LayerZero-powered cross-chain bridge was compromised and about $292 million of its rsETH token […] The post $6,280,000,000 Abruptly Exits Ethereum-Based Lending Platform As Cross-Chain Hack Triggers Mass Withdrawals appeared first on The Daily Hodl.