Manuel Aráoz, co-founder of blockchain safety agency OpenZeppelin, says he now considers each decentralized finance (DeFi) protocol unsafe, blaming speedy advances in AI code-exploitation brokers. Specifically, the auditor highlights Aave, MakerDAO and Compound, three blue-chip protocols his agency has helped safe since 2015. Aráoz Frames the Security Asymmetry The OpenZeppelin govt argued that coding agents…
Lenders parking funds in DeFi borrowing markets on Ethereum Virtual Machine (EVM) chains and Solana misplaced roughly $3 for each $10,000 deposited over the previous 12 months, placing realized hack losses at 3 foundation factors of Total Value Locked (TVL). That loss charge sits near the annual charge at which Americans die from slip-and-fall accidents….
Arbitrum’s Security Council seized 30,766 ETH from the KelpDAO hacker, however a US courtroom order now blocks the DAO from touching the $71 million stash. Lawyers for North Korean kidnapping victims goal to assert the cash beneath a 2015 judgment in opposition to Pyongyang. The authorized motion stalls Aave and Kelp DAO’s plans to compensate…
DeFi United, a coalition of ecosystem contributors led by Aave service suppliers, has launched a technical implementation plan to restore rsETH backing. The plan comes after a serious exploit on April 18, 2026. Hackers probably related to North Korea’s Lazarus Group stole roughly $292 million (116,500 rsETH) from KelpDAO’s LayerZero bridge. DeFi United Releases Technical…
Avraham “Avi” Eisenberg, the dealer convicted over the 2022 Mango Markets exploit, denied ever threatening to assault Aave (AAVE). His pushback adopted an Arkham submit claiming his pockets had turn out to be energetic once more. The on-chain analytics agency shared screenshots of a transaction signed by an tackle tied to Eisenberg. Arkham framed the…
Spark (SPK) has gained 98% to commerce at $0.05834. The SPARK worth rally follows an enormous capital rotation into SparkLend after the $290 million Kelp bridge exploit. Decentralized Finance (DeFi) lending is restructuring quickly as depositors flee Aave and redirect funds towards competing protocols. SparkLend Deposits Double After Kelp Fallout SparkLend’s complete worth locked climbed…
Aave (AAVE) confirmed indicators of large-scale accumulation even as the protocol grappled with the aftermath of a serious exploit that triggered sharp outflows and worth declines. The exercise follows an April 18 exploit of KelpDAO’s rsETH bridge. That incident reportedly left Aave with roughly $196 million in unhealthy debt. Whale Activity Rises as AAVE Faces…
Tron founder Justin Sun publicly known as on the KelpDAO bridge hacker to negotiate a return of the stolen funds, warning {that a} $292 million loss may convey down each Aave and KelpDAO. Sun’s attraction adopted the most important Decentralized Finance (DeFi) exploit of 2026, which drained 116,500 rsETH from KelpDAO’s cross-chain bridge on April…
Aave (AAVE) fell over 20% on April 19 after the KelpDAO rsETH exploit triggered a wave of whale promoting and a document spike in ETH utilization throughout the lending protocol. The token dropped from roughly $115 to under $92 in hours as massive holders rushed to exit positions. Aave’s ETH pool hit 100% utilization, successfully…
Aave V3’s Wrapped Ether (WETH) reserve is carrying dangerous debt after attackers exploited KelpDAO’s rsETH liquid restaking token and used it as collateral to borrow towards the lending protocol. Solidity developer and auditor 0xQuit flagged the state of affairs on X, warning depositors that the WETH pool is successfully impaired and that partial withdrawals could…