DeFi United Secures $160M as Industry Moves to Cover Aave Bad Debt Crisis
By Jamie Redman | 2026-04-26 23:14:43 | 5 months ago
A coordinated decentralized finance ( DeFi) relief effort has reportedly raised $160 million to cover bad debt created when attackers exploited KelpDAO’s bridge and deposited unbacked collateral into Aave V3 markets on April 18, 2026.
Key Takeaways: Aave froze rsETH reserves within hours of the April 18 Kelp DAO exploit, which created up to $230.1
Key Takeaways: Aave froze rsETH reserves within hours of the April 18 Kelp DAO exploit, which created up to $230.1
keywords : Defi|Aave|Decentralized finance (Defi)|Ethereum (ETH)
sentiment : POSITIVE
category data : MARKET | CRYPTOCURRENCY | SECURITY INCIDENTS