The rsETH markets on Aave V3 and Aave V4 have been frozen. Aave's contracts have not been exploited and this is an exploit related to rsETH.
The freeze follows an exploit of the Kelp DAO rsETH bridge. Freezing the rsETH markets prevents new deposits and borrowing against rsETH collateral while the situation is assessed.
We are reviewing information about rsETH borrows on Aave that occurred after the exploit and will share more details as soon as possible.
If the protocol accumulates bad debt from this incident, we'll explore paths to offset the deficit.
In case you missed it
Covenant AI, operator of major subnets including Templar (SN3), abruptly exited Bittensor and accused co-founder Jacob Steeves of running "decentralization theater" through unilateral control over emissions, leading to a ~20-27% TAO price crash.
The TON blockchain rallied following a major upgrade that improved transaction speed and finality, drawing attention as a positive ecosystem development in an otherwise cautious week.
This is why $TAO will pump.
Since the recent trend is around AI, I think the best bet going forward will be around decentralized LLMs.
Bitcoin is a P2P electronic cash system with 21M supply.
Bittensor is a P2P Intelligent Market with 21M supply.
It just makes sense to buy $TAO now below $200.
It just a matter of time before everyone catches up.