🚨 ONE EXPLOIT JUST BROKE DEFI A $290M rsETH bridge hack created $200M+ bad debt on $Aave, triggered a multi-billion dollar bank run. Now the contagion is spreading: $WLFI / $USD1 • Borrow cap maxed out • 98% utilization • Liquidity nearly drained $ENA/ $USDE • Rates spiking to 30%+Ethena • $440M redemptions in a single day • Loopers unwinding Yield collapsing Across DeFi: • Markets frozen (Aave, Compound, Euler) • Stable pools at 100% utilization • Billions in TVL wiped Lending just saw its worst 1-day TVL drop since 2024 (-13%) Total DeFi TVL drawdown: -5.61%, a 97.9th percentile event. The real issue: One failure becomes bad collateral, spreads through leverage, forces mass unwinds, and drains liquidity everywhere. DeFi isn’t breaking because of one hack. It’s breaking because everything is connected. 🤯

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