Aave Secures Nearly 80% of Required Funds to Offset Bad Debt from Kelp DAO Breach
Aave, a prominent lending platform, has successfully raised approximately $160 million to mitigate the $200 million in bad debt resulting from the largest decentralized finance exploit of the year, as reported by Arkham on Saturday. The blockchain analytics platform stated, "To date, AAVE has secured $160M to offset the bad debt from the Kelp DAO exploit, via defiunited.eth. Notably, the largest …
April 26, 2026, 4:21 p.m.