Aave Secures Approximately 80% of Required Funds to Offset Bad Debt from Kelp DAO Exploit
Aave, a prominent lending platform, has successfully raised around $160 million to address the $200 million in bad debt resulting from the Kelp DAO exploit, as reported by Arkham on Saturday. The platform noted, '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 together raised 55,000 ETH, valued a…
April 26, 2026, 4:21 p.m.