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Aave TVL Crashes $8 Billion After $293 Million Kelp DAO Hack

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BTC ETH USDT USDC AAVE ENA ZRO DAO
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Aave, the decentralized lending protocol, saw its total value locked (TVL) plummet by nearly $8 billion over the weekend following a $293 million hack of Kelp DAO. Attackers exploited a LayerZero-powered bridge to drain 116,500 Kelp DAO Restaked ETH (rsETH) tokens, which were then used as…

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