Aave chief defends protocol after $8.45B deposit run triggered by KelpDAO exploit
2026-06-08 15:41:28
Aave Labs CEO and founder Stani Kulechov defended Aave’s “resilience” after an $8.45 billion, 48-hour deposit run hit the DeFi lending protocol following a $292 million exploit of KelpDAO’s LayerZero bridge in April 2026. According to CoinDesk, Aave stabilized only after a human-led $300 million emergency bailout, including 25,000 ETH from the Aave DAO and 5,000 ETH from Kulechov, while LlamaRisk estimated Aave V3 was left with $123.7 million in bad debt. Kulechov said third-party dependencies drove the vulnerabilities and said Aave’s planned V4 upgrade will shift to a modular hub-and-spoke design to localize risk and freeze collateral lines.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Ledger CTO says EU MiCA compliance costs are choking Web3 startupsNext article：
内塔尼亚胡称暂缓袭伊
