Aave Secures Nearly 80% of Required Funds to Offset Bad Debt from Kelp DAO Breach
Aave, a lending platform, has successfully raised approximately $160 million to mitigate the $200 million in bad debt resulting from the largest DeFi exploit of the year, as reported by Arkham on Saturday. The analytics platform stated, 'To date, AAVE has secured $160M to cover the bad debt from the Kelp DAO Exploit, facilitated through defiunited.eth. Key contributors, Mantle and AAVE DAO, have …
April 26, 2026, 4:21 p.m.