Aave Secures Nearly 80% of Required $200 Million 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 largest decentralized finance exploit of the year, as reported by Arkham on X. The platform stated, "To date, AAVE has 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…
April 26, 2026, 4:21 p.m.