Dan Elitzer

But if anybody had really, really done their job, the damage would have been less than it was.

Well, to be very clear, it released the RS ETH, so the RS ETH could be deposited into Aave.

Yeah, I mean, I think you... Honestly, you really can't.

That's the main issue here.

It's not understandable by normies.

I do want to push back a little bit on the idea that this is inconceivable in TradFi.

We've also seen...

massive levels of fraud in TradFi and even things like the Swift network, right, for transferring money, where we had that case where I think it was the Bank of Bangladesh.

There were all these like fake messages to the Fed trying to transfer like a billion dollars doing that.

It's like we have absolutely seen incredibly large compromises and issues in the traditional financial system as well.

The difference, and I think Odysseus did a great job calling this out, is that

This is fundamentally different in that when we mess up in DeFi, the money is gone.

And, you know, with the possible exception of things like the action the Arbitrum Security Council took where we're able to fight back in some cases, there's, I think, a lot of...

pros and cons to actions like that, that we need to talk about and go deeper on.

But in TradFi, there's potentially at least a window of recovery and correction.

And here where it's also really bad is the trickle through to individual users.

So frankly, we just need to fix this.

We need to, I think every single party involved and not just involved here, across the ecosystem,

Everybody needs to step up their game because, yeah, it was Layer Zero and KelpDAO and Aave involved this time.

There are absolutely things they could do better, but I don't think there's any team in the ecosystem that could say nothing like this could ever happen to us.