A $300 million exploit on Kelp DAO's rsETH bridge led to mass withdrawals at Aave, with over $5.4 billion in ETH being pulled as users worried about potential bad debt on the platform.

BitcoincomNews

2026-04-19 22:16:53

Abstract generation in progress

A nearly $300 million exploit targeting Kelp DAO’s rsETH cross-chain bridge has triggered a mass withdrawal event at Aave, with over $5.4 billion in ETH leaving the protocol as users rushed to pull funds following concerns about bad debt accumulating on the platform.

AAVE-6.12%

ETH-2.9%

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Aave Hit With $5.4 Billion in ETH Withdrawals After Kelp DAO rsETH Exploit

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