Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack
In brief The DeFi United coalition has published a technical implementation for restoring rsETH token backing following the Kelp DAO hack. The relief effort secured...
Tag : DAO
Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses
In brief DeFi United has received enough contributions to potentially restore rsETH, receiving contributions worth $303 million, as of Monday. The coordinated relief effort has...
Aave DAO Governance Vote to Pause Buybacks — KelpDAO Fallout Continues
Circle Ventures snaps up AAVE days after a $293M KelpDAO exploit, shoring up Aave’s bad‑debt shock while Washington weighs a landmark US stablecoin bill. Summary...
DeFi Losses Surpass $600M as Kelp DAO Exploit Pushes TVL to One-Year Low
The Kelp DAO exploit on April 18, 2026, in which attackers minted 116,500 unbacked rsETH by poisoning a single LayerZero verifier node, has catalyzed more...
Aave risk manager models 2 bad debt scenarios from Kelp DAO exploit
Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact...
Kelp DAO blames LayerZero defaults for $290m rsETH bridge disaster
Kelp DAO says a LayerZero “default” single‑validator setup helped enable a $290m rsETH bridge hack, forcing a messy blame game and a rushed security migration....
LayerZero Says Lazarus Group Likely Behind Kelp DAO Exploit
LayerZero has attributed the Kelp DAO exploit to North Korea’s Lazarus Group, identifying a single-point-of-failure in the protocol’s verifier setup as the technical root cause...
LayerZero links Kelp DAO exploit to Lazarus as DeFi losses deepen
LayerZero said North Korea’s Lazarus Group is the likely actor behind the Kelp DAO exploit that drained 116,500 rsETH worth about $292 million. Summary LayerZero...
Aave's TVL tanks $8B a day after $293M Kelp DAO hack
Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit...
Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic
In brief Aave users struggled to withdraw funds from Aave after attackers borrowed with stolen rsETH on the platform, spiking a core market’s so-called utilization...