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Debt Crisis

DeFi
2026-07-08 22:50:16

DeFi United Raises $160M to Cover Aave's Bad Debt Crisis After KelpDAO Exploit

On April 18, 2026, attackers exploited a KelpDAO bridge vulnerability to mint unbacked rsETH, depositing it into Aave V3 and borrowing heavily, creating up to $230.1M in bad debt. DeFi United, a cross-protocol bailout fund, raised $160M within a week, with major contributions from Mantle, Aave DAO, and Stani Kulechov.

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DeFi United Raises $160M to Cover Aave's Bad Debt Crisis After KelpDAO Exploit
Peter Schiff
2026-07-08 22:36:20

Peter Schiff Warns US Economy Faces Worst Inflation, Calls STRC a 'Pure Ponzi'

Gold advocate Peter Schiff warns the US economy is far more fragile than markets reflect, with inflation heading higher. He predicts gold at $20,000 per ounce within a decade and criticizes Michael Saylor's STRC preferred stock as a 'pure Ponzi scheme,' cautioning retirees about principal loss.

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Peter Schiff Warns US Economy Faces Worst Inflation, Calls STRC a 'Pure Ponzi'