Aave lost $15.1B in deposits after the KelpDAO rsETH exploit. SparkLend gained $1.3B inflows as users sought safer platforms. AAVE price dropped 20% but stabilized around $94.
Lido DAO confirmed a $21.6 million exposure in its EarnETH vault due to the $292 million KelpDAO bridge hack. Core staking and stETH/wstETH remain safe. Redemptions are paused, and a $3 million first-loss protection fund is activated.
Lido's EarnETH vault faces $21.6 million exposure due to the $292 million KelpDAO bridge exploit. Redemptions are paused, and a $3M first-loss fund activated. Core stETH/wstETH remain unaffected, highlighting DeFi interdependency risks.
Lido DAO confirms $21.6M exposure in EarnETH vault due to KelpDAO bridge exploit; redemptions paused. Core stETH/wstETH unaffected. $3M first-loss fund activated. Incident highlights DeFi risk contagion.
Lido confirmed its EarnETH vault faces a $21.6 million exposure after the KelpDAO bridge exploit. Redemptions have been paused, while Lido said its core staking protocol, stETH, and wstETH remain unaffected.
Lido confirmed its EarnETH vault has about $21.6 million in exposure after the KelpDAO bridge exploit. Redemptions are paused, while Lido said its core staking protocol, stETH, and wstETH remain unaffected.
Aave has announced the second phase of its rsETH crisis recovery, including the complete liquidation of attacker positions, temporary borrowing to cover a ~$71 million shortfall due to legal freezes, and the burning of liquidated rsETH tokens to restore supply balance. Market watches legal progress and DeFi security implications.
Aave announced the second phase of rsETH crisis recovery, fully liquidating attacker positions on May 6. A $71M ETH recovery from Arbitrum DAO remains frozen due to a lawsuit, but court allows transfer to Aave LLC; Aave will temporarily borrow to cover the shortfall.
