Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack

Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailAave rallies DeFi partners to contain fallout from $292 million KelpDAO hackIndustry players are coordinating a recovery effort as the year's biggest crypto theft rattled Aave, with Lido and EtherFi being firsts to offer aid.By Krisztian Sandor|Edited by Nikhilesh DeUpdated Apr 23, 2026, 9:21 p.m. Published Apr 23, 2026, 8:52 p.m. Make preferred on (Unsplash+/Getty Images)What to know: Aave and partners are coordinating a major recovery effort across DeFi to cover a shortfall and prevent bad debt after the $292 million exploit tied to KelpDAO.Lido Finance, EtherFi and Aave founder Stani Kulechov are among those who proposed putting forward ether (ETH) to cover the hole.The initiative comes after an attacker created unbacked rsETH tokens

Source: https://www.coindesk.com/business/2026/04/23/aave-rallies-defi-partners-to-contain-fallout-from-usd292-million-kelpdao-hack