Whales Are Bailing: Why AAVE Just Crashed 22% After the $294M KelpDAO Hack
The cryptocurrency trade noticed the most violent hack of 2026 on Saturday night when an unknown perpetrator breached KelpDAO’s safety and drained virtually $300 million price of its liquid staking token, rsETH. They managed to behave shortly, depositing the stolen funds into a number of lending protocols, borrowing cash in opposition to them, and one…
