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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 losses totaling 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 tok…
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, pending the resolution of the situation. According to a report by Aave Labs and LlamaRisk, the incident involves rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens between blockchains. An attacker manipulated this setup by …
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 incurring significant losses, potentially reaching $230 million, depending 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…
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. 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, resulting in the creation…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of $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, pending 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, which relies on a bridge mechanism to move tokens between blockchains.…
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. 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 manipulated this setup by forging a valid transfer message, resulting in the creation of new tokens without backin…
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 on the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, with the final impact dependent on Kelp DAO's allocation of the shortfall. The incident involved an attacker manipulating the bridge mechanism to create new tokens without backing, resulting in 116,500 rsETH being released from the Ethereum-side bridge. The attacker then depos…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Due to 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 how the situation is resolved. 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 m…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential $230 Million Loss 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. The incident occurred when an attacker manipulated the bridge mechanism, creating unbacked tokens and depositing them into Aave as collateral to borrow approximately $190 million in ETH and related assets. Aave promptly froze rsETH markets, set loan-to-value ratios to zero, an…
April 20, 2026, 9:03 p.m.