## Posts tagged with
aave(1)

### Liquid Staking Is Easy to Enter. The rsETH Hack Reminded Me to Study the Exit.

In April, the Lazarus group, a cybersecurity organization sponsored by the North Korean government, exploited KelpDAO for about $292 million. The hackers used forged cross-chain messages to mint 116,500 unbacked rsETH and then utilized that asset inside DeFi lending markets. Note: rsETH, issued by Kelp DAO, is a liquid restaking token (LRT), that allows users to deposit their Ethereum staking assets (like stETH or ETHx) into EigenLayer and earn compounded yields. The exploit destabilized the DeFi markets.

[Read more](https://paragraph.com/@sharingiscaring/liquid-staking-is-easy-to-enter-the-rseth-hack-reminded-me-to-study-the-exit)

### Written by Rika

Making crypto accessible and understandable for all.