AAVE
Aave is an open source and non-custodial DeFi Protocol which enabling the creation of money markets. Aave’s native cryptocurrency is called LEND. Aave’s UK business entity has been granted an Electronic Money Institution (EMI) license on July 7, according to the FCA.
Aave Restores WETH Borrowing After $195M Kelp DAO Hack
Aave reopens WETH borrowing, marking progress in recovery from the $195M Kelp DAO exploit that caused an $8B TVL drop.
Judge Delays Aave's Bid to Unfreeze $71M ETH from Kelp DAO Exploit
A New York judge has postponed Aave's motion to unlock $71M in ETH frozen after the Kelp DAO hack, requesting further details from all parties.
Kelp DAO and Aave Advance rsETH Recovery After $293M Hack
Kelp DAO resumes withdrawals after burning attacker’s rsETH on Arbitrum and initiating a two-week recovery process with Aave's support.
Court Approves Arbitrum DAO's $71M ETH Transfer Amid North Korea Hack
A federal judge allows Arbitrum DAO to transfer $71M in frozen ETH tied to a North Korea-linked hack to Aave, advancing DeFi recovery efforts.
Mantle Tokenholders Approve $68M Aave Credit Facility After Exploit
Mantle tokenholders authorize a $68M credit facility for Aave DAO to address bad debt following the rsETH exploit, aiming to stabilize markets.
Aave Liquidates Kelp DAO Hacker’s rsETH Collateral, $30M Recovered
Aave liquidates Kelp DAO hacker’s rsETH collateral on Ethereum and Arbitrum, recovering $30M. DeFi United inches closer to restoring rsETH backing.
DeFi United Moves to Restore rsETH Backing After $292M Exploit
DeFi United outlines a recovery plan to restore rsETH backing after the $292M Kelp bridge exploit. Key players include Aave, Consensys, and Arbitrum DAO.
Aave (AAVE) Suffers Historic Liquidity Freeze After rsETH Exploit
A forged LayerZero message drained $292M, triggering a liquidity collapse on Aave. WETH liquidity dropped from $689M to $1.5M in hours.
Aave Pushes Arbitrum to Release Frozen $73M ETH Post-Kelp Hack
Aave urges Arbitrum to unfreeze $73M in stolen ETH, aiming to restore rsETH backing after the $292M Kelp DAO hack.
DeFi Protocols Pledge 43,500 ETH to Recover from $293M Kelp Exploit
DeFi protocols, including Aave and Lido, pledge $101M in ETH to limit fallout from the $293M Kelp DAO exploit. Contagion risks remain a concern.
Aave Deposits Plunge $15B After Kelp DAO Exploit
A $293M exploit on Kelp DAO has triggered a $15B liquidity outflow from Aave, exposing vulnerabilities in DeFi lending protocols.
Kelp Exploiter Launders $175M in Stolen Funds via THORChain, Umbra
Kelp DAO exploiter begins laundering $175M in ETH post $290M hack using decentralized protocols like THORChain. Arbitrum freezes 30,766 ETH.
Aave Proposes Two Paths to Handle $230M Bad Debt From Kelp DAO Hack
LlamaRisk outlines scenarios for allocating losses from the $293M Kelp DAO exploit, with Aave facing up to $230M in bad debt depending on Kelp's decision.
LayerZero Blames Kelp's Single DVN Setup for $290M Exploit as Aave Bleeds $8.9B
LayerZero says Kelp ignored security advice, used single verifier setup enabling $290M hack. Aave TVL drops $8.9B as bad debt mounts and blame game intensifies.
AAVE Token Crashes 20% as $293M Kelp DAO Hack Triggers $8B TVL Exodus
Aave loses $8 billion in TVL after hackers use stolen Kelp DAO funds as collateral, creating $195M in bad debt and freezing $5.1B in stablecoins.