Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic

Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic

Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic Price data byDecryptNewsDeFiKelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal PanicAfter attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds.By André BeganskiEdited by Andrew HaywardApr 19, 2026Apr 19, 20264 min readAave is a decentralized lending protocol. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Aave users struggled to withdraw funds from Aave after attackers borrowed with stolen rsETH on the platform, spiking a core market’s so-called utilization rate. The funds were plundered from a LayerZero-powered bridge, in what onlookers described as DeFi’s biggest exploit so far this year. Early Sunday, Def

Source: https://decrypt.co/364849/kelp-dao-exploit-aave-liquidity-crunch-6-2-billion-withdrawal-panic