DeFi Survives KelpDAO Exploit as $13 Billion TVL Drop Masks Real Damage
KelpDAO's $292M exploit and a $13B DeFi TVL plunge look catastrophic, but much of the decline reflects leveraged positions unwinding rather than actual
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KelpDAO's $292M exploit and a $13B DeFi TVL plunge look catastrophic, but much of the decline reflects leveraged positions unwinding rather than actual
Aave's DeFi United recovery effort has secured $160M so far, with Mantle and Aave DAO leading contributions after the year's largest DeFi exploit.
LlamaRisk has modeled two bad debt scenarios for Aave following the Kelp DAO exploit, with potential losses ranging from $123.7M to $230.1M depending on
A $293M Kelp DAO bridge exploit sent shockwaves through Aave, wiping nearly $8B in TVL and pushing AAVE token down almost 20% in under 25 hours.
The $292M Kelp DAO exploit drained billions from DeFi lending platforms, with Aave's TVL dropping from $26.4B to $20B as traders warned of a full-scale