Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage

Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage

The blockchain analytics platform says Aave is roughly 20% away from the nearly $200 million it needs to cover the hole left behind by the $290 million Kelp DAO exploit.

Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage - Technology Shout

Lending platform Aave has raised approximately $160 million to cover the $200 million in bad debt left by this year’s largest decentralized finance (DeFi) breach, Arkham posted on X on Saturday. “AAVE has raised $160 million to date to cover bad debt from the Kelp DAO vulnerability on defiunited.eth,” the blockchain analytics platform wrote. “The largest contributors are Mantle and AAVE DAO, who have raised a combined 55,000 ETH, or $127 million…

ETH Unfreezing Proposal Sparks Critical RsETH Recovery Push On Arbitrum In 2026

After the April 18 rsETH incident, primary DeFi figures have begun a joint recovery operation. Aave service providers, Ether.fi KelpDAO LayerZero_Core, compound_xyz, and a few others have collectively drafted a governance proposal to the Arbitrum DAO asking for the release of the ETH frozen by the Arbitrum Security Council. The proposal is a step toward […]

Aave Asks Arbitrum to Unfreeze Stolen Kelp DAO Funds

More than $21 million in contributions has been made to the "DeFi United" relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed.