KelpDAO Exploiter Borrows $236M in WETH
KelpDAO exploiter deposits stolen rsETH into AaveV3, CompoundV3, Euler, borrowing over $236M in WETH amid DeFi exploit details and crypto market volatility.
SourceThe exploiter behind today's KelpDAO breach dumped stolen rsETH into major lending protocols including AaveV3, CompoundV3, and Euler, then borrowed a staggering volume of WETH racking up more than $236 million in debt, as flagged by PeckShieldAlert.
KelpDAO, a key player in liquid staking solutions, has faced vulnerabilities echoing past DeFi exploits involving lending giants like Aave and Compound over the last year, where attackers manipulated collateral to siphon funds and amplify crypto market crashes.
Zooming into the ETH 4-hour chart, price action holds firm at $2350.39 within a bullish structure, hugging the EMA50 support at $2312.22 while the EMA200 at $2185.37 anchors longer-term upside; yet the MACD death cross at 16.77 signals bearish momentum clashing with neutral RSI at 50.0, and as volatility squeezes inside Bollinger Bands with upper resistance at $2434.91 and lower support at $2299.68, expect a sharp probe toward that lower band before bulls reclaim control, especially if DeFi exploit details ripple into broader ETH price predictions.
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