Aave has resumed borrowing against wrapped Ether (WETH) across multiple markets following the Kelp DAO exploit in April, which had led to emergency restrictions. The protocol reinstated loan-to-value ratios for WETH collateral on several networks, allowing users to borrow and swap collateral again. Meanwhile, a legal dispute remains unresolved over 30,765 ETH frozen due to alleged North Korean hacking links, with court proceedings ongoing. Kelp DAO is also discontinuing rsETH bridging on several networks after June 15 as part of a security-focused consolidation effort, while Aave's total value locked has dropped significantly since the exploit.
Aave has fully restored the loan-to-value (LTV) ratios for Wrapped Ether (WETH) across all six affected V3 networks, including Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea. This update allows users to borrow against WETH again, in...
Following the $292 million KelpDAO exploit in April 2026, the decentralized finance (DeFi) sector has faced significant setbacks, with Aave's total value locked (TVL) plunging 44% from $26.6 billion to about $14.8 billion. This decline reflects a bro...
Multicoin Capital transferred all 286,057 of its AAVE tokens, worth about $26.7 million, to Coinbase Prime, signaling a likely exit from the position. The fund originally bought 338,005 AAVE tokens at an average price of $218 each in late 2025, but t...
AAVE's price slipped toward a crucial support level after Multicoin Capital moved 150,000 tokens amid over $40 million in unrealized losses, raising concerns about institutional selling. Despite repeated attempts to stabilize near $87.60, AAVE remain...
Multicoin Capital bought 338,005 AAVE tokens at an average price of $218 each through Galaxy Digital's OTC desk, investing about $73.7 million. AAVE's price has since dropped roughly 55% to around $97, leaving Multicoin with an unrealized loss exceed...
