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Aave sees $6 billion deposit drop as Kelp hack exposes structural risk for DeFi lender

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Tech, News The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped ether, leaving Aave to quantify how much bad debt it is now carrying. The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped ether, leaving Aave to quantify how much bad debt it is now carrying. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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