Here's what we know about the KelpDAO Exploit, what the on-chain evidence shows, and why this class of exploit requires a different kind of monitoring.

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.

Here's what we know about the KelpDAO Exploit, what the on-chain evidence shows, and why this class of exploit requires a different kind of monitoring.

The KelpDAO rsETH exploit on April 18 drained $15B from Aave TVL and sent stablecoin borrow rates to 14%, per Cryptoquant.