Kelp DAO exploit
Coverage of Kelp DAO exploit in the Nexus archive.
- Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses
Aave-led 'DeFi United' relief effort successfully raised $300 million to cover losses from the Kelp DAO exploit. The initiative secured widespread support, ensuring commitments to replenish the stolen funds.
- Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit
Aave has raised nearly 80% of the $200 million required to cover bad debt resulting from the Kelp DAO exploit, indicating progress toward resolving the financial fallout.
- Aave proposes 25,000 ETH contribution to DeFi United to plug Kelp DAO exploit hole
Aave has proposed a 25,000 ETH contribution to DeFi United to address the Kelp DAO exploit losses. Protocols and individual DeFi users have collectively pledged sufficient funds to cover these losses.
- Kelp DAO exploiter launders nearly all 75,700 in stolen ETH through THORchain
The wallet responsible for the Kelp DAO exploit has laundered nearly all $175 million in stolen Ether through THORchain, with an additional $71 million frozen by Arbitrum’s security council.
- Kelp DAO exploit may force big banks to rethink their blockchain plans, Jefferies warns
Jefferies warns that the Kelp DAO exploit could prompt major banks to reassess their blockchain strategies. The incident highlights potential vulnerabilities in blockchain technology, raising concerns about its adoption in traditional finance.
- Arbitrum freezes $71 million worth of ETH stolen in Kelp DAO exploit
Arbitrum's Security Council has frozen $71 million worth of ETH stolen in the Kelp DAO exploit, ensuring the funds can only be moved through future governance actions on Arbitrum.