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AAVE Gets Embroiled in Existential Liquidity Crunch as KelpDAO Hacked for $293 Million
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3 Articles
The theft of USD $293 million in tokens rsETH to Kelp DAO opened a new crisis in DeFi, affected Aave and led Justin Sun to publicly ask for a negotiation with those responsible, as suspicions grow about the participation of the Lazarus group. *** Justin Sun asked Kelp DAO attackers to sit down to negotiate after the theft of more than USD $293 million in rsETH. Aave froze the rsETH markets and also WETH reserves on various networks, while users …
Pirates have stolen nearly $300 million in tokens issued by Kelp DAO. These tokens have been used as collateral to borrow and remove cryptocurrency on Aave's decentralized finance protocol. Aave faces a rush of digital asset holders to take out their assets.
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