Mantle DAO approves up to $68M in ETH support for Aave after rsETH hack

The Mantle (MNT) DAO has approved a support package of up to 30,000 ETH, valued at approximately $68 million, to address liquidity issues on Aave (AAVE) stemming from a recent rsETH exploit. With this approval, the Mantle Treasury will proceed with the support by lending the ETH to Aave. The move comes after an attacker deposited 89,567 uncollateralized rsETH to borrow around $190 million in WETH, wstETH, and stablecoins, leading to estimated damages of up to $230 million.