Whales Are Bailing: Why AAVE Just Crashed 22% After the $294M KelpDAO Hack
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto Bits The cryptocurrency industry saw the most violent hack of 2026 on Saturday evening when an unknown perpetrator breached KelpDAO’s security and drained almost $300 million worth of its liquid staking token, rsETH. They managed to act quickly, depositing the stolen funds into several lending protocols, borrowing money against them, and one of them just experienced a massive investor exodus as its own token crashed hard. CryptoPotato explained in detail the events that took place on Saturday evening from information provided by the security experts at Cyvers. The bad actor compromised KelpDAO’s bridge contract, de
Source: https://cryptopotato.com/whales-are-bailing-why-aave-just-crashed-22-after-the-294m-kelpdao-hack/
