Aave
DeFi Confidence Cracks After KelpDAO Exploit as Aave Suffers 44% Monthly Drop
Since the $292 million KelpDAO incident, decentralized finance has endured a brutal stretch, with fallout spreading well beyond the initial exploit.
Multicoin Capital Sends Entire AAVE Stack to Coinbase Prime After $40M Loss Deepens
Multicoin Capital has moved all 286,057 of its remaining aave tokens, worth approximately $26.68 million, into Coinbase Prime, the clearest signal yet that the fund is exiting a position sitting on over $40 million in losses.
Multicoin's AAVE Bet Faces $40M Loss Pressure
Multicoin received 338,005 AAVE from a Galaxy Digital OTC wallet at about $218 average, for an estimated $73.7 million outlay. With AAVE near $97, the position is worth about $32.8 million, leaving more than $40 million in unrealized losses.
Multicoin dumps 150K AAVE: Will mounting losses trigger another breakdown?
AAVE faced renewed pressure after Multicoin transferred massive holdings while traders reduced exposure.
Multicoin's DeFi Disaster: Firm Spotted Dumping AAVE After Brutal 55% Drawdown
Onchain data shows Multicoin Capital is now more than $40 million underwater on a large AAVE position built through Galaxy Digital's over-the-counter (OTC) desk. The firm now appears to be selling. A $73.
Decision on Aave's Emergency Motion Pushed to June Hearing
Aave seeks to unfreeze the $71 million in ETH frozen by Arbitrum following the $293 million hack suffered by KelpDAO. A New York judge requested supplemental briefs because the protocol failed to clearly explain how compound losses would occur.
KelpDAO and Aave prepare to restart rsETH operations after initial recovery
KelpDAO and Aave announced the resumption of operations with rsETH after completing the first steps of the post-exploit recovery plan. The April 18 attack, attributed to North Korea's Lazarus Group, generated approximately $190 million in bad debt for Aave and $292 million in total losses.
Ether Withdrawals to Resume Following KelpDAO and Aave's Coordinated Token Burn
Ether withdrawals are expected to resume within 24 hours for KelpDAO users after a coordinated burn of the attacker's rsETH tokens on Arbitrum successfully neutralized the exploit's impact.
Aave vote targets $71M Kelp exploit funds
An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery.
DeFi Protocol Aave Teams Up with LatAm Fintechs to Enable Greater Financial Inclusion
Decentralized finance protocol Aave has strengthened its presence in one of the world's most dynamic crypto regions by collaborating with key fintech platforms across Latin America.
Aave stabilizes liquidity after rsETH exploit – Are risks fully contained now?
How are the efforts to reshape market confidence going?
Aave to Overhaul Collateral and Listing Standards After $293 Million KelpDAO Exploit
Aave Labs will add cybersecurity and architecture reviews to its asset listing process following the April KelpDAO bridge exploit, with the goal of setting a new bar for DeFi risk management.
