Aave Partially Unfreezes WETH After Kelp Bridge Exploit
Aave reopened WETH deposits on its Ethereum Core V3 market roughly 24 hours after an emergency freeze, though the asset's loan-to-value stays at zero and WETH remains frozen on Prime, Arbitrum, Base, Mantle, and Linea, with modeled bad debt up to $230 million.
Entities mentioned
- Aave
- Bridge Network
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