Morpho CEO: Limited rsETH exposure; approximately $1 million worth of ETH lent out using rsETH as collateral.

CoinFeed reported on April 19th that, in response to the Kelp DAO attack, Morpho CEO Paul Frambot stated that Morpho smart contracts are secure and functioning normally. Exposure is limited, and curator took immediate preventative measures; only approximately $1 million worth of ETH was borrowed using rsETH as collateral in two isolated markets (out of thousands of markets). Of the approximately 500 Morpho Vaults (with deposits exceeding $10,000), only two were involved in these markets, and the final impact remains to be seen depending on subsequent developments; due to Morpho's fully isolated market design, all other Vaults were unaffected.