Feel bad for the $AAVE team honestly.
They did everything right:
Clean contracts.
Proper audits.
Tight risk framework.
Umbrella safety module live and funded.
And still got caught holding $196M of bad debt because a bridge they don't control got drained.
Building in DeFi in 2026 means your attack surface includes every protocol you decided to trust.
No amount of internal rigor saves you from external fragility.
Hard game.
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 my teens and 20's I would spend way too much time playing Starcraft and Civilization. Harvesting resources, building things, and expanding was super addictive to my brain - to an almost unhealthy degree.
Later I realized that entrepreneurship and business is the ultimate game. It scratches the same itch for me (resources, building, expanding), but you're actually contributing to humanity at the end of the day, which can be much more fulfilling.
Business is also much more positive sum than video games. In Starcraft, the other player has to lose for you to win. In business, there is competition, but in a growing market there can be multiple winners. And gains compound long term (it's a infinite game) instead of starting over each time.
Now days I prefer to watch pros play video games to unwind, instead of playing video games myself. But a quick game can still be fun here and there to unwind. By contrast, the game of business is played over many decades.
MORGAN STANLEY BUYS $17,000,000+ IN BITCOIN
$MSBT bought 215+ BTC today worth $17M, making it’s 8th consecutive day of inflows since launch (April 8).
Will they continue the Buy streak?