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Aave Raises $160 Million to Cover Bad Debt From Kelp DAO DeFi Exploit

By Trader Edge at 2026-04-27 05:53

Sentiment: Negative

TLDR A $293 million exploit of Kelp DAO left Aave with over $190 million in bad debt Aave launched “DeFi United” to restore rsETH and compensate affected holders About $160 million of the $200 million needed has been raised so far Arbitrum froze 30,765 ETH linked to the exploit; Aave wants those funds redirected to [...] The post Aave Raises $160 Million to Cover Bad Debt From Kelp DAO DeFi Exploit appeared first on CoinCentral. Continue reading...

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