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Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, with the outcome dependent on how the situation is resolved. According to a report from Aave Labs and LlamaRisk, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens between blockchains. An attack…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A devastating bridge exploit targeting Kelp DAO has put lending protocol Aave at risk of incurring losses of up to $230 million, contingent upon the outcome of the situation. According to a report published by Aave Labs and LlamaRisk on the Aave governance forum, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO. The protocol utilizes a bridge mechanism to transfer rs…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, contingent upon the resolution of the situation. According to a report published by Aave Labs and LlamaRisk on the Aave governance forum, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens betwe…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, depending on the resolution of the situation. The incident involves rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to move tokens between blockchains. An attacker exploited this setup by creating a forged transfer message, resulting in th…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A devastating bridge exploit involving Kelp DAO and LayerZero has put lending protocol Aave at risk of losing up to $230 million, contingent on the resolution of the situation. According to a report published by Aave Labs and LlamaRisk on the Aave governance forum, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, depending on the resolution of the situation. According to a report by Aave Labs and LlamaRisk, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens between blockchains. An attacker manipulated th…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losses of up to $230 million, pending the resolution of the situation. According to a report published by Aave Labs and LlamaRisk on the Aave governance forum, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to move tokens between blockc…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, with the outcome contingent on the resolution of the situation. According to a report published by Aave Labs and LlamaRisk on the Aave governance forum, the incident centers on rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to move tokens…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, depending on the resolution of the situation. The incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to move tokens between blockchains. An attacker exploited this setup by creating a forged transfer message, resultin…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent bridge exploit involving Kelp DAO and LayerZero has put lending protocol Aave at risk of significant losses, potentially up to $230 million. The incident occurred when an attacker manipulated the bridge mechanism, creating unbacked tokens by forging a transfer message. As a result, approximately 116,500 rsETH were released from the Ethereum-side bridge, with the attacker depositing a sub…
April 20, 2026, 9:03 p.m.