Sentiment: Negative
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Kelp DAO $292 Million Exploit Triggers Bad Debt Crisis on Aave
By Trader Edge at 2026-05-10 01:24
Sentiment: Negative
TLDR Hackers stole 116,500 rsETH tokens worth $292 million from Kelp DAO’s LayerZero bridge on April 18 The attacker used stolen tokens as collateral on Aave V3 to borrow wrapped Ether Aave’s risk manager outlined two bad debt scenarios: $123.7 million or $230.1 million Kelp DAO and LayerZero are trading blame over a 1-of-1 DVN [...] The post Kelp DAO $292 Million Exploit Triggers Bad Debt Crisis on Aave appeared first on CoinCentral. Continue reading...
Categories: News
Tags: #News
Source Coin Central