Aave Secures Nearly 80% of Required Funds to Offset Kelp DAO Exploit Losses
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 blockchain analytics firm Arkham on Saturday. The platform stated, 'So far, AAVE has raised $160M to cover the bad debt from the Kelp DAO Exploit, at defiunited.eth. The largest contributors, Mantle and AAVE DAO, have collectivel…
April 26, 2026, 4:21 p.m.