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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, 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 saw a 16% decline to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend. Depositors are flee…
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 ripple effect from 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. Daily fees surged to $1.99 million amidst a wave of liquidations over the weekend. Depositors are fleeing due to Aave's …
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus After Kelp Hack Exposes DeFi Vulnerabilities
Aave has experienced a significant outflow of $6.6 billion in deposits, not due to a direct hack, but as a result of a security breach in the Kelp protocol. The total value locked in Aave dropped from $26.4 billion to nearly $20 billion, with the AAVE token falling 16% to $92 and daily fees surging to $1.99 million amidst a wave of liquidations over the weekend. Depositors are fleeing due to Aave…
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 staggering $6.6 billion withdrawal, not due to a direct hack, but as a consequence of a vulnerability exposed by the Kelp hack. 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 suffered a 16% decline to $92, while daily fees surged to $1.99 million amidst a wa…
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, 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. Meanwhile, the AAVE token's value dropped 16% to $92, and daily fees surged to $1.99 million as liquidations swept through the weekend. Deposito…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus After Kelp Hack Exposes DeFi Lender's Vulnerability
Aave has witnessed a staggering $6.6 billion withdrawal, not due to a direct hack but as a result of an external exploit. 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 to Aave's unforeseen …
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 exodus, not due to a direct hack, but rather a consequence of the Kelp bridge exploit. The protocol's total value locked plummeted from $26.4 billion to nearly $20 billion, with the AAVE token dropping 16% to $92 and daily fees surging to $1.99 million amidst a wave of liquidations. Depositors are fleeing as Aave grapples with a hole not of its making,…
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, not due to a direct hack, but as a consequence of a security breach in Kelp's bridge. The total value locked in Aave dropped from $26.4 billion on April 18 to nearly $20 billion by Sunday morning, according to DefiLlama. The AAVE token price fell 16% to $92, while daily fees surged to $1.99 million amidst a wave of liquidations over…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Amid Kelp Hack, Exposing DeFi Lender's Structural Vulnerability
Aave has witnessed a staggering $6.6 billion exodus, not due to a direct hack, but as a result of a breach in Kelp's bridge, which allowed attackers to drain 116,500 rsETH and utilize them as collateral on Aave V3 to borrow wrapped ether. The total value locked in Aave dropped from $26.4 billion on April 18 to approximately $20 billion by Sunday morning, according to DefiLlama, with the AAVE to…
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 experienced a massive exodus of $6.6 billion in deposits, not due to a direct hack, but as a result of a security breach in the Kelp protocol. The total value locked in Aave dropped from $26.4 billion to nearly $20 billion, with the AAVE token price falling 16% to $92. Daily fees surged to $1.99 million as liquidations swept through the weekend. Depositors are fleeing due to Aave's invol…
April 19, 2026, 2:56 p.m.