Aave Leads DeFi United Coalition in Response to $292 Million KelpDAO Exploit
Aave is leading a coalition called 'DeFi United' to address the aftermath of a $292 million exploit in KelpDAO, which caused a significant drop in total value locked (TVL) across DeFi protocols. The exploit involved the theft of 116,500 rsETH, leading to bad debt for Aave and a $17.2 billion decline in its deposits. Major DeFi protocols are contributing to a relief effort to restore rsETH's backing.
Tickers: $ETH
Topics: Aave DeFi hacking KelpDAO Lazarus Group rsETH security