DeFi
DeFi

Aave’s TVL Tanks $6.6 Billion as Kelp DAO Hack Sparks Bad Debt and Structural Fears

After the Kelp DAO exploit, the attacker used $292 million in stolen rsETH as collateral on Aave V3, generating roughly…
DeFi

DeFi users pull $10 billion out of the market as $292 million exploit sparks bank-run optics

A $292 million exploit at KelpDAO set off a broad retreat across decentralized finance over the weekend, draining roughly $10…
DeFi

The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack

Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline.…
DeFi

The $292 million Kelp exploit: how it happened, and what it means for DeFi

2026 is shaping up to be DeFi’s “worst year in terms of hacks,” Ledger’s CTO said, as the Kelp exploit…
DeFi

Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic

After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds. Read…
DeFi

'DeFi is dead': crypto community scrambles after this year's biggest hack exposes contagion risks

Developers and traders warn of structural risks as a cross-chain exploit spreads fear and prompts billions to flee DeFi platforms.…
DeFi

Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs

The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the…
DeFi

Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says

Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to…
DeFi

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

The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped…
DeFi

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.…