An attacker exploited Kelp DAO's LayerZero bridge, stealing 116,500 rsETH (≈$292M, 18% of supply). Fake cross-chain messages triggered the release. Aave, Lido, Ethena froze or paused related markets. The exploit is the largest DeFi hack of 2026 so far.
An Aave user received only 324 AAVE after confirming a $50 million USDT swap with a 99% price impact. Aave said it will return about $600,000 in fees and contact the user.
On-chain tracking flagged a sizeable transfer tied to F2Pool co-founder Chun Wang. According to Onchain Lens, Wang, whose X handle is @satofishi, deposited 6,009 ETH and 62.31 WBTC to Binance on July 23, with the combined value estimated at about $15.6 million. The ETH portion was valued at roughly $11.56 million, while the WBTC portion was worth around $4.09 million. Onchain Lens said the assets came from several sources: funds withdrawn from Spark Fi, ETH that was unstaked from Lido Finance, and WETH that was swapped into WBTC through CoW Swap. The transaction adds to the stream of whale wallet movements being tracked across major exchanges.
A security- and liquidity-first analysis of the top 10 DEXs in 2026, covering Uniswap, Curve, Hyperliquid, and more, plus a safe usage guide.
A trader swapped $50 million in USDT for AAVE through Aave’s interface and ended up with only 324 AAVE after accepting a quote with roughly 99% price impact. Aave said warnings were shown and plans to refund about $600,000 in fees.
A crypto trader swapped $50.43M aEthUSDT for aEthAAVE on Thursday, suffering over 99% slippage and ending with only ~$36K. Arbitrageurs captured $43M+; Aave founder says warnings were accepted.
After Vercel disclosed a security incident, crypto teams began rotating API keys and reviewing code and deployment settings. The breach was traced to a compromised Google Workspace connection tied to Context.ai.
Aave introduces Aave Shield to block trades with over 25% price impact after a user lost $50M on a swap. Pepeto raises $8.1M with three products approaching launch. ETH climbs to $2,321 as analysts set new targets.
