Aave TVL still down 43% since KelpDAO hack
Aave's Total Value Locked (TVL) has decreased by 43% since the KelpDAO cross-chain bridge hack, causing Aave to lose its top TVL spot.
Source: Protos (opens in a new tab)
$83.4M lost this week $439.7M lost in 30 days $1.7B lost this year
Aave's Total Value Locked (TVL) has decreased by 43% since the KelpDAO cross-chain bridge hack, causing Aave to lose its top TVL spot.
Source: Protos (opens in a new tab)
A custom sAVAX Aave Rebalancer contract on Avalanche was exploited via a smart contract vulnerability, allowing an attacker to drain user funds. A whitehat bot frontran the exploit and recovered all funds, resulting in zero net loss to the user.