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

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CoinDesk - All News 1 day ago • coindesk.com

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 ether, leaving Aave to quantify how much bad debt it is now carrying.

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