KelpDAO Exploit Leads to Aave Insolvency: Whale Activity Drains ETH Reserves, ETH Liquidity Utilization Reaches 100%

BlockBeats News, April 19th, according to LookIntoChain monitoring, due to the KelpDAO vulnerability incident, the attacker deposited rsETH into Aave to borrow ETH, which has now become a bad debt on Aave.

A large number of whales have started to withdraw ETH from Aave. Currently, the fund utilization rate of ETH on Aave has risen to 100%.