DeFi Lender Aave Battles Withdrawal Crisis After KelpDAO rsETH Exploit

Aave, one of DeFi’s largest lending protocols, is managing a liquidity crisis and an estimated $177 million to $200 million in bad debt after attackers siphoned 116,500 rsETH from Kelp’s bridge on Saturday, deposited the tokens on Aave V3 as collateral, and borrowed wrapped ether (WETH) against them. Key Takeaways: Attackers obtained 116,500 rsETH from […]