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Aave faces approximately $200 million in bad debt after Kelp DAO bridge exploit
Bull/Bear Index 45.0/100
crypto BEAR 85/10 Web3 is Going Just Great · 25d ago

Aave faces approximately $200 million in bad debt after Kelp DAO bridge exploit

The Aave DeFi lending protocol is grappling with $177 million to $236 million in bad debt after the Kelp DAO bridge exploiter used Aave to cash out their stolen rsETH.

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