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Incident Report: Llamarisk, Aave Service Providers Detail Kelp rsETH Hack Across Ethereum and Arbitrum Markets
A bridge exploit drained 116,500 rsETH from Kelp's OFT adapter on April 18, exposing Aave V3 to up to $230M in potential bad debt.
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ZachXBT Flags $280M+ KelpDAO Exploit Hitting Ethereum DeFi Lending Markets
KelpDAO's rsETH token was exploited April 18, draining $280M+ across Ethereum and Arbitrum and leaving Aave V3 with significant bad debt.
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DeFi Lender Aave Battles Withdrawal Crisis After KelpDAO rsETH Exploit
Aave's WETH pool hit 100% utilization after an rsETH exploit on April 18, 2026, leaving $177M–$200M in bad debt and AAVE down 17.7%.
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Incident Report: Llamarisk, Aave Service Providers Detail Kelp rsETH Hack Across Ethereum and Arbitrum Markets
A bridge exploit drained 116,500 rsETH from Kelp's OFT adapter on April 18, exposing Aave V3 to up to $230M in potential bad debt.
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Cryptoquant: KelpDAO Hack 'Contagion' Triggers Worst DeFi Liquidity Crunch Since 2024
The KelpDAO rsETH exploit on April 18 drained $15B from Aave TVL and sent stablecoin borrow rates to 14%, per Cryptoquant.