AAVE Token Crashes 20% as $293M Kelp DAO Hack Triggers $8B TVL Exodus
Alvin Lang Apr 20, 2026 03:54 Aave loses $8 billion in TVL after hackers use stolen Kelp DAO funds as collateral, creating $195M in bad debt and freezing $5.1B in stablecoins. Aave just lost its crown as DeFi’s largest protocol. A $293 million exploit at Kelp DAO…