A major exploit involving rsETH has led to approximately $280M in losses and the freezing of markets across multiple DeFi protocols. Affected platforms include Aave V3, SparkLend, Lido Earn, Fluid, Ethena, Compound, Yearn, LayerZero, Euler, Upshift, Pendle (PT/YT tokens), and Beefy. Concerns remain regarding potential bad debt within Aave and broader contagion risks across the restaking, lending, and perpetuals sectors.