Aave Users Face Liquidity Crunch After $291M Kelp DAO Exploit Spills Over
DeFi's biggest exploit this year triggers mass withdrawals from Aave, causing 100% utilization on core lending pools
L'essentiel
- Attackers exploited Kelp DAO's LayerZero-powered bridge to steal $291 million in rsETH, then used the stolen tokens to borrow funds from Aave, creating massive bad debt and causing the protocol's utilization rate to spike to 100%.
- Users rushed to withdraw $6.2 billion net from Aave, while the protocol froze rsETH-linked markets.
- Aave's governance token dropped 16% to $90.13, with Ethereum falling 2% to $2,300.
Résumé généré par IA
Attackers exploited Kelp DAO's LayerZero-powered bridge to steal $291 million in rsETH, then used the stolen tokens to borrow funds from Aave, creating massive bad debt and causing the protocol's utilization rate to spike to 100%. Users rushed to withdraw $6.2 billion net from Aave, while the protocol froze rsETH-linked markets. Aave's governance token dropped 16% to $90.13, with Ethereum falling 2% to $2,300.






