Aave sees $6 billion deposit drop as Kelp hack exposes structural risk for DeFi lender

The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped ether, leaving Aave to quantify how much bad debt it is now carrying.

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Mentioned tokens

RAIN $0.0112 -2,48%
QNT $246.98 -2,96%
AAVE $175.49 -2,79%

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