DeFiBearishNewsBTC · Apr 217/10
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A $292M Hack Created $200M In Bad Debt On Aave: Here Is What That Means For Users
A $292 million exploit on Kelp's bridge resulted in $200 million of bad debt on Aave V3, triggering a $6.6 billion TVL outflow and a 23% price decline for AAVE token. Although Aave's code was never compromised, the protocol faces a liquidity crisis as users lose confidence in its ability to manage collateral risk.
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