Crypto Hack Causes $9 Billion Withdrawal from Aave
A $300 million exploit on Kelp DAO led to a $9 billion panic withdrawal from Aave, the largest DeFi lending platform, causing a liquidity crisis. Hackers used stolen tokens as collateral to borrow other cryptocurrencies, triggering fear among depositors. Aave's total value locked dropped by over a third to $17.5 billion.
Topics: Aave Crypto Hack DeFi Kelp DAO LayerZero Liquidity Crisis