DeFiBearishCoinDesk · 4h ago7/10
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Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender
Aave experienced a $6 billion TVL outflow following a Kelp DAO hack where attackers drained rsETH and used it as collateral to borrow wrapped ether, exposing structural vulnerabilities in the lending protocol. The AAVE token declined 16% as the platform quantifies potential bad debt from the incident.
$ETH$AAVE