SecurityCoinDeskabout 3 hours ago
Aave chief defends protocol's 'resilience' after $8.45 billion bank run
1 min read
A $292 million KelpDAO bridge exploit in April 2026 triggered an $8.45 billion, 48-hour deposit run on Aave. The protocol survived after a $300 million emergency bailout including 25,000 ETH from the Aave DAO and 5,000 ETH from founder Stani Kulechov. Aave plans a V4 hub-and-spoke upgrade to localize risk.
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