Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit

Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailAave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploitBlockchain analytics platform Arkham said that the largest contributors are Mantle and Aave DAO, having raised a combined $127 million.By Olivier Acuna|Edited by Sheldon Reback Apr 26, 2026, 4:21 p.m. Make preferred on (Shutterstock)What to know: Aave has raised about $160 million of the roughly $200 million it needs to cover bad debt from the KelpDAO exploit, the year’s largest DeFi exploit.The DeFi United recovery effort, led by Aave service providers, aims to recapitalize and restore support for rsETH, the ether-based token at the center of the attack.Major contributors including Mantle, Aave DAO and Aave founder Stani Kulechov have collectiv

Source: https://www.coindesk.com/business/2026/04/26/aave-raises-nearly-80-of-the-usd200-million-it-needs-to-cover-bad-debt-left-by-kelp-dao-exploit