Aave Secures Nearly 80% of Required Funds to Offset Bad Debt from Kelp DAO Exploit
Aave, a lending platform, has successfully raised approximately $160 million to address 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 raised $160M to cover the bad debt from the Kelp DAO Exploit, facilitated through defiunited.eth. Notably, the large…
April 26, 2026, 4:21 p.m.