AAVE Price Plummets By 26%: $9 Billion Net Outflows Traced To Kelp DAO Hack

AI Briefing

• – AAVE price plummets 26% amid $9 billion net outflows following Kelp DAO hack
• – Aave's TVL falls by over a third to $17.5 billion, with total outflows reaching $9 billion
• – Kelp DAO hack leads to $280 million in bad debt for Aave, with users facing liquidity limits and uncertainty