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Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has experienced a significant exodus of deposits, with $6.6 billion withdrawn, not due to a direct hack on the protocol itself, but rather as a consequence of a security breach in Kelp's bridge. This breach led to the drainage of 116,500 rsETH, which was then used as collateral on Aave V3 to borrow wrapped ether, resulting in a substantial loss for the protocol. The AAVE token price dropped …
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus After Kelp Hack Exposes DeFi Lender's Structural Vulnerability
Aave has witnessed a massive exodus of $6.6 billion in deposits, but it's not due to a direct hack on the platform. The total value locked in the protocol plummeted from $26.4 billion on April 18 to approximately $20 billion by Sunday morning, according to DefiLlama. The AAVE token price dropped 16% to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend. Deposi…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has experienced a massive exodus of $6.6 billion in deposits, but this was not a direct result of a hack on the protocol itself. Instead, the total value locked in Aave dropped from $26.4 billion on April 18 to approximately $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 amidst a wave of liquidatio…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus After Kelp Hack Exposes DeFi Lender's Structural Vulnerabilities
Aave has witnessed a staggering $6.6 billion withdrawal, not due to a direct hack, but as a result of a vulnerability exposed by the Kelp hack. The protocol's total value locked plummeted from $26.4 billion to nearly $20 billion, with the AAVE token experiencing a 16% decline to $92 and daily fees surging to $1.99 million amidst widespread liquidations over the weekend. Depositors are fleeing due…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerability
Aave has witnessed a staggering $6.6 billion withdrawal, not due to a direct hack, but as a result of a cascading effect. The protocol's total value locked plummeted from $26.4 billion on April 18 to approximately $20 billion by Sunday morning, according to DefiLlama. The AAVE token's value dropped 16% to $92, while daily fees surged to $1.99 million amidst a flurry of liquidations over the weeke…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Decline Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has witnessed a staggering $6.6 billion exodus, not due to a direct hack on the platform. The total value locked in the protocol plummeted from $26.4 billion on April 18 to nearly $20 billion by Sunday morning, according to DefiLlama. The AAVE token saw a 16% decline to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend. Depositors are fleeing because Aav…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has witnessed a massive exodus of $6.6 billion in deposits, and it's not due to a direct hack on the platform. The protocol's total value locked plummeted from $26.4 billion on April 18 to approximately $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. Deposi…
April 19, 2026, 2:56 p.m.
Tech
DeFi Lender Aave Faces $6 Billion Deposit Exodus Amid Kelp Hack
Aave has witnessed a staggering $6.6 billion exodus, but it's not due to a direct hack on the platform. The protocol's total value locked plummeted from $26.4 billion on April 18 to approximately $20 billion by Sunday morning, according to DefiLlama. The AAVE token price dropped 16% to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend. Depositors are fleeing …
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has witnessed a staggering $6.6 billion departure, and it's not due to a direct hack on the platform. The protocol's total value locked plummeted from $26.4 billion on April 18 to approximately $20 billion by Sunday morning, according to DefiLlama. The AAVE token dropped 16% to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend. Depositors are fleeing bec…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus After Kelp Hack Reveals DeFi Lender's Structural Vulnerabilities
Aave has experienced a massive exodus of $6.6 billion in deposits, but it's not due to a direct hack on the platform. 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. Depositors …
April 19, 2026, 2:56 p.m.