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

The post Aave Hit With $5.4 Billion in ETH Withdrawals After Kelp DAO rsETH Exploit appeared first on Coinpedia Fintech News 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. The attacker deposited rsETH into Aave to drain ETH, leaving the protocol …