Aave Bad Debt Crisis: The KelpDAO rsETH Exploit Explained
A $292M KelpDAO bridge exploit — enabled by a single-signer cross-chain mint with no multisig — left Aave with ~$200M in bad debt. Why threat modeling would have stopped it.
A $292M KelpDAO bridge exploit — enabled by a single-signer cross-chain mint with no multisig — left Aave with ~$200M in bad debt. Why threat modeling would have stopped it.