Aave Borrowing Jumps $300M, Exposing Liquidity Stress After KelpDAO Exploit

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A KelpDAO exploit triggered a liquidity crisis on Aave, where roughly $300 million in loans were taken out within 24 hours. The attacker deposited 116,500 unbacked rsETH into Aave to withdraw real assets, generating bad debt within the protocol.

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Telemac
Telemachttp://cryptoinfo.ch
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