KELP DAO
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.
Kelp DAO $293M Exploit Triggers DeFi-Wide Contagion Across 9 Protocols
Kelp liquid restaking hack cascaded through Aave, Compound, and 7 other DeFi platforms. rsETH down 23% as industry debates isolated lending risks.
Kelp DAO Exploited for $293M in Largest DeFi Hack of 2026
Kelp's rsETH bridge drained of $293M as attacker converts stolen funds to ETH. Aave freezes markets, nine protocols impacted in cascading DeFi crisis.