Following the $292 million KelpDAO bridge exploit in April, Aave founder Stani Kulechov announced a new four-layer risk framework designed to improve security across Aave V3, V4, and Horizon. The framework, prepared by LlamaRisk, includes mandatory measures such as a $50,000 minimum bug bounty, a three-verifier minimum for bridges, automated risk monitoring, and chain deployment controls. This binding framework aims to prevent similar exploits by setting strict governance standards for asset onboarding, ongoing risk assessments, and automated defenses. The proposal is now open for evaluation by Aave governance, marking a significant step in strengthening DeFi risk management.
After a $292 million exploit in April that drained rsETH via a single-verifier bridge, Aave is implementing a new four-layer risk framework across its platforms. Key changes include requiring at least three independent verifiers for any bridge route,...
Following a $290 million breach of the KelpDAO rsETH bridge, Aave has introduced a comprehensive risk management framework to strengthen security across its lending platform. The new protocol sets unified standards for asset security, bridge vulnerab...
In April 2026, a $292 million exploit on KelpDAO’s LayerZero bridge triggered a massive withdrawal of $8.45 billion from Aave within 48 hours, marking the largest liquidity crisis in DeFi history. The crisis forced an emergency bailout of $300 millio...
The CoinDesk 20 Index fell 1.4% to 1708.48, with every asset trading lower. Aave (AAVE) and Uniswap (UNI) were the biggest decliners, dropping 2.6% and 2.9% respectively. Ethereum (ETH) and SUI saw smaller declines of 0.6%. This broad market weakness...
Cryptocurrency markets are experiencing mixed price changes, with Bitcoin trading around $62,754, slightly down by 0.21%. Ethereum and several altcoins like Zcash and Velvet have seen notable gains, with Zcash up 12.68% and Velvet surging nearly 25%....
