What You Need to Know: AAVE Loan Platform Faces $200M Bad Debt from Arkham Hack — Largest DeFi Breach of the Year
Decentralized finance platform Aave has raised approximately $160 million toward covering $200 million in awful debt resulting from a major exploit targeting Kelp DAO, according to blockchain analytics firm Arkham. The effort, led by the DeFi United recovery initiative, aims to stabilize the platform and broader DeFi markets following what has been described as the … Read more