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Home News KelpDAO Exploit Leads to Aave Protocol’s Insolvency: A significant number of whales have started to withdraw ETH from Aave, causing the ETH reserve factor to reach 100%.

KelpDAO Exploit Leads to Aave Protocol's Insolvency: A significant number of whales have started to withdraw ETH from Aave, causing the ETH reserve factor to reach 100%.

KelpDAO Exploit Leads to Aave Protocol’s Insolvency: A significant number of whales have started to withdraw ETH from Aave, causing the ETH reserve factor to reach 100%.

BlockBeats News, April 19th, according to LookIntoChain monitoring, due to the KelpDAO exploit, an attacker deposited rsETH into Aave to borrow ETH, resulting in a default on Aave.

A significant number of whales have started to withdraw ETH from Aave. Currently, the funding rate on Aave for ETH has reached 100%.

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