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$14B Vanishes From DeFi Ecosystem After KelpDAO Exploit Rocks Lending Markets
KelpDAO exploit drains $300M+, triggers DeFi outflows as Aave hit hard and TVL drops $14.17B across dozens of protocols
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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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$14B Vanishes From DeFi Ecosystem After KelpDAO Exploit Rocks Lending Markets
KelpDAO exploit drains $300M+, triggers DeFi outflows as Aave hit hard and TVL drops $14.17B across dozens of protocols