Time
02:52
Andre Cronje: Has withdrawn ETH from Aave to ensure liquidity.
April 19, 2026
CoinFeed News
CoinFeed reported on April 19th that Flying Tulip founder Andre Cronje stated that the investigation into the L0/rsETH incident is ongoing. Initial reports indicate that a possible private key leak or misconfiguration led to the theft of approximately $200 million worth of rsETH. This rsETH was subsequently deposited into Aave for lending out ETH (due to insufficient rsETH liquidity). This position was technically collateralized; even without collateral, Aave's tokens and security modules themselves constitute the first line of defense against bad debts. Aave is unable to compensate users for their losses, which could potentially trigger a run on the platform.