⚠️ ALERT: $AAVE drops 19% after a $292M rsETH exploit triggers a liquidity crisis.
• 116.5K rsETH drained from Kelp DAO
• Attacker used it on Aave to borrow ~$236M WETH
• Collateral now unbacked → positions can’t be liquidated
🔻 ~$280M bad debt on Aave
🔻 $5.4B ETH withdrawn, including Justin Sun’s $154M
ETH pool hit 100% utilization — withdrawals nearly frozen.
First real stress test for Aave’s safety module.
Biggest DeFi exploit of 2026.
$AAVE
$ETH
• 116.5K rsETH drained from Kelp DAO
• Attacker used it on Aave to borrow ~$236M WETH
• Collateral now unbacked → positions can’t be liquidated
🔻 ~$280M bad debt on Aave
🔻 $5.4B ETH withdrawn, including Justin Sun’s $154M
ETH pool hit 100% utilization — withdrawals nearly frozen.
First real stress test for Aave’s safety module.
Biggest DeFi exploit of 2026.
$AAVE
$ETH