Aave Secures Nearly 80% of Required Funds to Offset Bad Debt from Kelp DAO Exploit
Aave, a prominent lending platform, has successfully raised approximately $160 million to mitigate the $200 million in bad debt resulting from the Kelp DAO exploit, as reported by Arkham on Saturday. The platform noted, "AAVE has so far raised $160M to cover the bad debt from the Kelp DAO Exploit, at defiunited.eth. The largest contributors are Mantle and AAVE DAO, who together raised 55,000 ETH …
April 26, 2026, 4:21 p.m.