$292M exploit. $892M stablecoin outflows. $13B DeFi TVL wiped. This wasn’t an Ethereum failure. It was a bridge risk failure. KelpDAO’s rsETH integration with LayerZero was exploited, allowing attackers to mint 116,500 fake rsETH (~$292M). That fake collateral spread panic across DeFi: • Users rushed to exit leveraged positions • Aave saw $8B+ outflows in 48 hours • DeFi TVL dropped $13B • Stablecoins saw $892M net outflows Biggest losers: 🔻 USDC: -$794M 🔻 USDe: -34% ($2B+ wiped) Biggest winner: 🟢 USDT: now holds 59% market share The real lesson? DeFi’s biggest vulnerability is no longer smart contract bugs. It’s: ❌ Bridges ❌ Oracle dependencies ❌ Over-leveraged collateral loops ❌ Weak risk management Capital isn’t leaving crypto. It’s rotating toward safer assets and stronger protocols. Next cycle winners = projects that survive trust stress tests. Infrastructure > hype. Always. #Chainlink #Stablecoins #Aave