Sentiment: Negative
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Aave Proposes 25,000 ETH to Cover Kelp DAO Exploit Shortfall
By Trader Edge at 2026-05-02 09:43
Sentiment: Negative
TLDR Aave proposes contributing 25,000 ETH (~$58M) to DeFi United to cover the Kelp DAO exploit shortfall An attacker minted unbacked rsETH via a compromised LayerZero bridge and used it as collateral on Aave Lido DAO, Ether.fi, Golem, and individual contributors have also pledged ETH to the recovery fund The DeFi United fund now stands [...] The post Aave Proposes 25,000 ETH to Cover Kelp DAO Exploit Shortfall appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis #News
Source Coin Central