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 Aave, a lending protocol, at risk of incurring significant losses, potentially amounting to $230 million, contingent upon the resolution of the situation. The incident, as detailed in a report by Aave Labs and LlamaRisk on the Aave governance forum, revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a br…
April 20, 2026, 9:03 p.m.