💀 You really wouldn't believe Aave would have bad debts, and even more unbelievable is that the bad debts occurred in WETH assets. This is an asset we might have thought would "never have problems, never be hacked." Indeed, WETH wasn't stolen or compromised. But the hackers compromised other assets, emptying WETH, the safest asset. So, ultimately, will the "proud WETH depositors" collectively pay the price for the hackers? A few months ago, when a certain DeFi protocol was hacked, someone suggested withdrawing all assets from AAVE as well. I chuckled inwardly: This person is talking nonsense. Do they even know what AAVE is? If AAVE has problems, the entire DeFi edifice will crumble. And now, they've been proven wrong, thoroughly. When the city gates catch fire, the fish in the moat suffer. Turns out I was just that brainless, fat fish in the pond, only knowing how to swim around.