KelpDAO exploit triggers Aave bad debt; ETH utilization hits 100%
BlockBeats reported on April 19 that Lookonchain data shows an attacker exploited a KelpDAO vulnerability by depositing rsETH on Aave and borrowing ETH, leaving the protocol with bad debt. Large whale wallets have since started pulling ETH from Aave. Aave's ETH utilization rate has now climbed to 100%.