Whales Accumulate AAVE as Retail Flees Amid KelpDAO Exploit Fallout - Aave (AAVE) showed signs of large-scale accumulation even as the protocol grappled with the aftermath of a major exploit that triggered sharp outflows and price declines. The activity follows an April 18 exploit of KelpDAO’s rsETH bridge. That incident reportedly left Aave with roughly $196 milli...

‘Are we an industry of clowns?’: DeFi grapples with security tradeoffs after $292M Kelp DAO fallout - Aftermath conditions from Kelp DAO’s exploit has opened a broader debate over DeFi’s security model, after billions left Aave.

CoinDesk 20 performance update: Stellar (XLM) gains 3.3% while index moves lower - Aave (AAVE), up 1.9% from Monday, joined Stellar (XLM) as a top performer.

Kelp DAO shifts blame to LayerZero for $292 million exploit; Aave examines bad debt scenarios - Kelp DAO has countered LayerZero's earlier statement, saying the 1-of-1 DVN setup under criticism was shipped as the default at LayerZero.

Aave Models $124M to $230M in Bad Debt From Kelp Exploit - In a detailed incident report, Aave service providers quantified the protocol's exposure for the first time and outlined two scenarios depending on how Kelp DAO allocates the loss. LayerZero and Kelp continue to blame each other for the compromised bridge configuration.

Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos - Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million if confined to Layer 2s, with the final impact depending on how Kelp DAO allocates the shortfall.

DeFi losses top $600 million in weeks as Kelp DAO exploit drags TVL to one-year low - Kelp Dao, Aave and LayerZero are pointing the finger at each other and it is still unclear how losses will be distributed.

AAVE Price Drops 75% From August Peak – What’s Next For the Altcoin? - AAVE retests the descending trendline as support, opening a 49% path toward $135 if the green zone holds.The post AAVE Price Drops 75% From August Peak – What’s Next For the Altcoin? appeared first on BeInCrypto.

CoinDesk 20 performance update: AAVE price plummets 22.9% over weekend - Bitcoin (BTC) price dropped 2.5% and BNB Token (BNB) fell 2.3% from Friday.

Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt - Attacker minted unbacked rsETH through Kelp's LayerZero bridge, then borrowed WETH on Aave V3 and V4 before markets could freeze.

Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender - 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.

Whales Dump Over $6 Million in AAVE as KelpDAO Exploit Triggers 20% Aave Price Drop - AAVE dropped 18% as whales offloaded millions and $5.4 billion in ETH fled the protocol after the KelpDAO rsETH exploit.The post Whales Dump Over $6 Million in AAVE as KelpDAO Exploit Triggers 20% Aave Price Drop appeared first on BeInCrypto.

Kelp DAO Bridge Drained for $292M in rsETH - The cross-chain exploit struck a LayerZero integration, now Aave is scrambling to contain fallout.