Aave Secures Nearly 80% of Required Funds to Offset Kelp DAO Exploit-Related Debt
Aave, a 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 largest contributors, Mantle and Aave DAO, have together raised 55,000 ETH, equivalent to $127 million. Following a $292 million security breach that left Aave facing a financial crisis, the company and se…
April 26, 2026, 4:21 p.m.