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$292 Million Kelp DAO Exploit Leads to $10 Billion Aave Outflows and 40% TVL Declinecointelegraph.com
finance37 days agoDeveloping

$292 Million Kelp DAO Exploit Leads to $10 Billion Aave Outflows and 40% TVL Decline

More than $10 billion has left Aave following the $292 million exploit of Kelp DAO, which broke the cross-chain backing of rsETH. Aave's total value locked fell about 40%, with some funds moving to Maker-linked Spark and stablecoins. Bitcoin climbed to $78,100 amid separate devel…

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