Affected by the KelpDAO theft incident, Aave experienced a large amount of bad debt.


After the event, according to Defillama data, over 5.3 billion dollars in funds have been withdrawn from Aave.
Currently, the best option is to withdraw money from on-chain DeFi projects; with the market unstable, not withdrawing could make you a target for hackers.
Once again, it’s clear that DeFi projects are the hackers’ biggest cash cow 🥲
AAVE-14.62%
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