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Aave Faces $6 Billion Deposit Exodus After Kelp Hack Exposes DeFi Vulnerabilities
Aave has witnessed a staggering $6.6 billion exodus, not due to a direct hack, but as a result of a structural risk exposure. The protocol's total value locked plummeted 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 because Aave is shouldering a burden …
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, and 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 suffered a 16% decline to $92, while daily fees surged to $1.99 million as liquidations swept through the weekend.…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave witnessed a staggering $6.6 billion exodus, not due to a direct hack, but as a consequence of a vulnerability in the DeFi ecosystem. 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 Aa…
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 $6.6 billion exodus, not due to a direct hack, but as a result of a cascading effect from the Kelp bridge 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. Depositors are fleeing due to Aave's exposu…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Following Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave witnessed a massive exodus of $6.6 billion in deposits, not due to a direct hack, but as a result of a catastrophic event that exposed the protocol's vulnerabilities. The total value locked in Aave 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 mill…
April 19, 2026, 2:56 p.m.
Tech
Aave Faces $6 Billion Deposit Exodus Amid Kelp Hack, Exposing DeFi Lender's Structural Vulnerabilities
Aave has experienced 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. Depo…
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, but this was not the result of 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 suffered a 16% decline to $92, while daily fees skyrocketed to $1.99 million as liquidations swept thro…
April 19, 2026, 2:56 p.m.
Tech
2026's Largest Crypto Heist: Kelp DAO Loses $292 Million in Major Security Breach
A devastating security breach has struck Kelp DAO, a liquid restaking protocol, resulting in the theft of 116,500 restaked ether tokens, valued at approximately $292 million. The attack, which occurred on Saturday, exploited a vulnerability in the protocol's LayerZero-powered bridge, allowing the perpetrator to trick the system into releasing the tokens to an attacker-controlled address. The brea…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A devastating cyber attack has drained nearly 18% of the circulating supply of restaked ether from Kelp DAO's LayerZero-powered bridge, sparking a wave of panic across the DeFi landscape. The exploit, which occurred on Saturday at 17:35 UTC, saw 116,500 rsETH siphoned off, worth around $292 million at current prices. This significant breach has left the crypto community reeling, with the attacker…
April 18, 2026, 8:53 p.m.
Tech
2026's Most Significant Crypto Heist: Kelp DAO Loses $292 Million in rsETH to Hackers Across 20 Blockchain Networks
A devastating hack has struck the DeFi world, with a staggering $292 million worth of rsETH being drained from Kelp DAO's LayerZero-powered bridge. This breach, which occurred on Saturday at 17:35 UTC, accounts for roughly 18% of the token's circulating supply. The attacker exploited a vulnerability in LayerZero's cross-chain messaging layer, deceiving it into releasing 116,500 rsETH to an attack…
April 18, 2026, 8:53 p.m.