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Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender

Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender

2026-04-19

The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped ether, leaving Aave to quantify how much bad debt it is now carrying.

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