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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 final impact dependent on Kelp DAO's allocation of the shortfall. The incident involved an attacker forging a transfer message, resulting in the creation of new tokens without backing, and subsequently borrowing roughly $190 million in ETH and related assets across Et…
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 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 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, with the outcome dependent 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 transfer tokens between blockchains. An attacker exploited this setup by creating a forged transfe…
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 outcome hinging on how the situation is resolved. The incident centers on 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-looking tran…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A devastating exploit of the Kelp DAO and LayerZero bridge has put Aave, a lending protocol, at risk of incurring significant 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. The protocol utilizes a 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 outcome 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 took advantage of this setup by creating a forged transfer message, res…
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, 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 took advantage of 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 Due to 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, depending on the resolution of the situation. The incident centers on 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 forging a transfer message, creating new token…
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 totaling up to $230 million, contingent upon the resolution of the situation. The incident, detailed in a report by Aave Labs and LlamaRisk, centers on rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens between blockchains. An attacker manipul…
April 20, 2026, 9:03 p.m.