Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage

Lending platform Aave has raised approximately $160 million to cover the $200 million in bad debt left by this year’s largest decentralized finance (DeFi) breach, Arkham posted on X on Saturday. “AAVE has raised $160 million to date to cover bad debt from the Kelp DAO vulnerability on defiunited.eth,” the blockchain analytics platform wrote. “The…

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