Aave Secures Nearly 80% of Required Funds to Offset Bad Debt from Kelp DAO Exploit
Aave, a lending platform, has successfully raised approximately $160 million towards covering the $200 million in bad debt resulting from the Kelp DAO exploit, as reported by Arkham on Saturday. The platform stated, "To date, AAVE has raised $160M to address the bad debt from the Kelp DAO Exploit, facilitated through defiunited.eth. Notably, Mantle and AAVE DAO are the largest contributors, colle…
April 26, 2026, 4:21 p.m.