Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage
By Olivier Acuna
Published on April 26, 2026.
Lending platform Aave has raised $160 million to cover the $200 million in bad debt left behind by the year's largest decentralized finance (DeFi) exploit. The largest contributors were Mantle and AAVE DAO, who together raised 55,000 ETH or $127M. This comes after Aave and several major crypto firms announced a coordinated recovery effort to stabilise DeFi markets following a $292 million security breach. The effort is led by Aave service providers and aims to restore support for the yield-loving derivative token of alisp. The Kelp DAO exploit, traced back to a KelpDAO integration vulnerability with LayerZero, left Aave with impaired collateral, leading to a run on deposits and ultimately withdrawing $10 billion.
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