DeFi Intel

Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack

An attacker exploited KelpDAO's LayerZero bridge to mint 116,500 unbacked rsETH and borrow about $190 million against it on Aave; Lido, EtherFi and founder Stani Kulechov pledged ETH to a DeFi United bailout while Arbitrum froze $71 million.

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