Aave Hit by $15B Outflows as Kelp DAO Exploit Sparks DeFi Liquidity Shock
Aave deposits fell by US$15.1 billion in 3.5 days after attackers used Kelp DAO rsETH as collateral to borrow wrapped Ether. DeFiLlama data showed Aave TVL dropping from about US$26.4 billion to US$18.6 billion as stablecoin pools reached 100% utilisation. Aave froze rsETH and WETH markets while LayerZero attributed the bridge-linked attack to the Lazarus…