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KelpDAO vulnerability incident causes bad debt on Aave, ETH utilization reaches 100%

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ETH news broke on April 19 when a KelpDAO vulnerability allowed attackers to deposit rsETH into Aave and borrow ETH, resulting in bad debt. Large whale addresses have since begun withdrawing ETH from Aave, driving ETH utilization to 100%. The ETH update shows the platform under pressure as liquidity shifts rapidly.

BlockBeats news, on April 19, according to Lookonchain monitoring, due to the KelpDAO vulnerability incident, the attacker deposited rsETH into Aave to borrow ETH, resulting in a bad debt on Aave.


Large whales have begun withdrawing ETH from Aave. Currently, the utilization rate of ETH on Aave has reached 100%.

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