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Cryptoquant: KelpDAO Hack ‘Contagion’ Triggers Worst DeFi Liquidity Crunch Since 2024

The KelpDAO exploit allowed an attacker to siphon unbacked rsETH tokens and deposit them into Aave, triggering one of the sharpest liquidity contractions in recent DeFi history, according to the latest Cryptoquant report...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Cryptoquant: KelpDAO Hack ‘Contagion’ Triggers Worst DeFi Liquidity Crunch Since 2024
The KelpDAO exploit allowed an attacker to siphon unbacked rsETH tokens and deposit them into Aave, triggering one of the sharpest liquidity contractions in recent DeFi history, according to the latest Cryptoquant report dubbed the “ DeFi Contagion.” Key Takeaways: The KelpDAO exploit on April 18, 2026, exposed Aave to an estimated $124M-$230M in bad […]

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Aave is showing up inside the Security Incidents theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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