Aave Faces $6 Billion Withdrawal Amid Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has witnessed a massive exodus of $6.6 billion, not due to a direct hack, but as a result of a breach in Kelp's bridge. The protocol's total value locked plummeted from $26.4 billion on April 18 to nearly $20 billion by Sunday morning, according to DefiLlama. The AAVE token suffered a 16% decline to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend. Depo…
April 19, 2026, 2:56 p.m.