Frequent Risk Events in the Crypto Market, DeFi Liquidity Outflows Draw Attention

BroadChain has learned that at 11:30 on April 20, according to PANews, the Ethereum restaking protocol Kelp DAO confirmed that its rsETH contract was subjected to a suspicious cross-chain attack. It has suspended the mainnet and multiple L2 contracts and initiated an investigation. Lido has also paused new deposits for its earnETH product. DeFiLlama data shows that the incident triggered a large-scale withdrawal of funds from lending protocols, with Aave experiencing a net outflow of approximately $6.2 billion (-23%). On-chain investigator ZachXBT pointed out that the RAVE token plummeted from $26 to $1 within 24 hours, with its market capitalization evaporating by about $6 billion, potentially involving market manipulation, as 95% of its supply is controlled by a few addresses. Additionally, tokens such as LayerZero (ZRO) are set to undergo significant unlocks next week, with ZRO unlocking approximately 25.71 million tokens (accounting for 5.34% of the circulating supply), valued at around $40.4 million. Solana ecosystem protocol Kamino and Curve Finance have both suspended some LayerZero-related functions due to the rsETH incident. A Nomura Securities survey indicates that 65% of Japanese institutional investors view crypto assets as diversification tools, with their willingness to allocate continuing to rise.