Lookonchain said Aave was left with bad debt and more than $5.4 billion in outflows after the Kelp DAO exploit let an attacker deposit rsETH and drain ETH. Lookonchain said Justin Sun withdrew 65,584 ETH, worth about $154 million, from the protocol. Aave's ETH utilization rate reached 100% after the withdrawals.
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Aave Faces Bad Debt as Kelp DAO rsETH Exploit Drains ETH, Triggers $5.4B Exodus
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