Aave Faces Risk Review After $292M KelpDAO Hack

The KelpDAO hack stole $292 million in cryptocurrency and exposed flaws in Aave's risk management system. The attacker used KelpDAO's LayerZero bridge, and $8.45 billion was withdrawn from Aave over 48 hours. Aave overcame the crisis with a $300 million emergency bailout. Aave plans to address system risks with its upcoming V4 upgrade.
AAVE5.38%
ZRO1.7%
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