「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

April 20: Solana-based DeFi protocol Meteora stated it is aware of recent developments surrounding the security incident at cloud hosting platform Vercel. Its team rotated environment keys immediately 12 hours ago, checked logs, and confirmed everything is normal. The team will continue monitoring the situation to safeguard Meteora and its users.

April 20 Per EmberCN monitoring, the Bless project team sold 300 million BLESS tokens ($3.83 million) recently, triggering a 71% price drop. Of that total, 200 million were sold to Bitget, while 100 million were dumped on the BSC chain. Four hours ago today, the team resumed selling: they transferred 100 million BLESS tokens ($600k) from the SOL chain to BSC for further dumping. To date, they’ve offloaded 37.84 million BLESS for 334 BNB, equal to roughly $210k.

Saturday, April 20 — The LayerZero cross-chain bridge for rsETH (a liquidity re-staking token from Kelp DAO) was hacked, marking the largest DeFi hack of 2026 to date. The attacker forged LayerZero cross-chain messages to withdraw 116,500 rsETH directly from the bridge contract, then deposited the tokens into Aave and other lending platforms to borrow WETH—creating significant uncollateralized bad debt risk. Below is a roundup of responses from major DeFi protocols to the rsETH hack: Aave has shared an update on the rsETH incident: rsETH on the Ethereum mainnet is fully collateralized. The token remains frozen on Aave V3 and V4, while WETH reserves are frozen in affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively verifying details and evaluating potential resolutions. Ethena has officially extended the suspension period for its LayerZero OFT cross-chain bridge. Additionally, the protocol released updated reserve proofs confirming its USDe stab

April 20th: Cascading effects from the KelpDAO rsETH hack have begun to ripple through the DeFi ecosystem, with stablecoin borrowing rates and utilization rates rising at multiple Solana-based lending protocols: - **Jupiter Lend**: USDC supply stands at $4.21 billion, with $3.4 billion borrowed. Excluding protocol reserve liquidity, utilization has surged to ~99% (nearly all available liquidity is lent out). Current borrowing rate: 4.36%. - **Kamino Prime Market**: Total USDC supply ~$1.868 billion, borrowings ~$1.788 billion → utilization ~96%, borrowing rate 8.92%. **Kamino Main Market**: Total USDC supply ~$1.72 billion, borrowings ~$1.64 billion → utilization ~95.75%, borrowing rate 10.2%. - **Save Finance (formerly Solend)**: Borrowing utilization exceeds 70%, borrowing rate 3.9%. - **Marginfi**: USDC borrowing utilization hits 88.32%, borrowing rate 7.65%.

April 20: Ethena announced in an official post that it is extending the suspension of its LayerZero OFT cross-chain bridge, citing an unsatisfactory root cause analysis of the rsETH incident. The protocol also released its latest Proof of Reserve, audited by four independent third-party firms: Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter. The audit confirms Ethena’s USDe collateralization ratio remains above 100%. Results are publicly available on Ethena’s transparency page and data dashboard. The team noted it will continue monitoring the situation and share further updates.

April 20th — Per EmberCN, a whale that liquidated a $398 million ETH long position at the peak (netting $684.7 million in profit) 4 days ago reentered the market today following a pullback to open a new long position. The whale now holds a 44,000 ETH long position across two wallets, with a position value of $100 million and an entry price of $2,289 per ETH.