Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos

Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enTechShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailAave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaosAave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million if confined to Layer 2s, with the final impact depending on how Kelp DAO allocates the shortfall.By Margaux Nijkerk|Edited by Nikhilesh De Apr 20, 2026, 9:03 p.m. Make preferred on What to know: Aave’s incident report found that the rsETH exploit created unbacked collateral used to borrow roughly $190 million, leaving the protocol exposed to potential bad debt despite its systems functioning as designed.The report outlines two possible outcomes, around $123 million in losses if damage is shared across al

Source: https://www.coindesk.com/tech/2026/04/20/aave-could-face-up-to-usd230-million-in-losses-after-kelp-dao-bridge-exploit-triggers-defi-chaos