Data from Aavescan shows total deposits fell from $45.8 billion on Saturday to $30.8 billion by Wednesday after an attack involving Kelp DAO and rsETH.
Aave saw a sharp decline in deposits after an attack involving Kelp DAO. According to Aavescan, total deposits on the decentralized lending protocol fell from $45.8 billion on Saturday to $30.8 billion by Wednesday, a drop of about $15 billion. The source says the incident involved roughly 116,500 rsETH, valued at about $293 million. The move highlights how security incidents tied to major crypto assets or protocols can quickly affect user confidence and liquidity on DeFi (blockchain-based financial services) platforms such as Aave.