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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 losing up to $230 million, with the actual amount dependent 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. The protocol utilizes a bridge mech…
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 Aave, a lending protocol, at risk of losing up to $230 million, contingent upon the resolution of the situation. According to a report published on the Aave governance forum 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 b…
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 transfer tokens between blockchains. An attacker manipulated this system by creating a fake transfer message, resulting in the rel…
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 dependent on how the situation is resolved. The incident, as reported by Aave Labs and LlamaRisk, involves rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens between blockchains. An attacker manipulated thi…
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 involves 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…
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 suffering losses of 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 trans…
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 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…
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. 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 this setup by creating a forged transfer message,…
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 final impact dependent on how Kelp DAO addresses the shortfall. The incident involved an attacker forging a transfer message, resulting in the creation of new tokens without backing, and subsequently borrowing approximately $190 million in ETH and related assets from …
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 final impact dependent 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 a…
April 20, 2026, 9:03 p.m.