DeFi United Secures $160M as Industry Moves to Cover Aave Bad Debt Crisis
Key Takeaways: Aave froze rsETH reserves within hours of the April 18 Kelp DAO exploit, which created up to $230.1...
Kelp
Kelp DAO exploit leaves AAVE with $196M bad debt, Ethereum market steady
The Kelp DAO exploit drained $292 million, leaving Aave with $196 million in bad debt. Ethereum reaching $10,000 by December...
Kelp DAO exploit drains 116,500 rsETH, impacts Ethereum-linked protocols
The Kelp DAO exploit drained 116,500 rsETH and sent shockwaves through DeFi protocols, pushing the odds of Ethereum hitting $4,000...
Lido’s $3M First-Loss Buffer Faces Its First Real Test After Kelp Security Breach
A security incident at Kelp, a liquid restaking protocol, has sent ripple effects through decentralised finance, catching one of Lido...
Will Aave Users Get Their Money Back? One Analyst Has a Plan for Kelp’s $230M Debt
Aave is sitting on up to $230 million in bad debt from the Kelp DAO exploit. The Umbrella safety reserve...
Ripple CTO Says RLUSD Evaluation Exposed the Same Risk That Drained $292M From Kelp DAO
David Schwartz, CTO Emeritus at Ripple, had a pointed observation this week after the Kelp DAO rsETH bridge was exploited...
Aave Hit With $5.4 Billion in ETH Withdrawals After Kelp DAO rsETH Exploit
A nearly $300 million exploit targeting Kelp DAO’s rsETH cross-chain bridge has triggered a mass withdrawal event at Aave, with...
