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Aave Faces $290M Exploit, Implements New Risk Framework

Aave Faces $290M Exploit, Implements New Risk Framework

First seen 10 Jun 2026, 19:32 UTC • •
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ThreatCluster AI
ThreatCluster •June 11, 2026 at 19:12 UTC
  • •Aave experienced a $292 million exploit on KelpDAO's LayerZero bridge in April 2026.
  • •The exploit triggered a liquidity crisis, with $8.45 billion withdrawn from Aave in 48 hours.
  • •Aave introduced a new risk management framework on June 10, 2026, to enhance security.

In April 2026, a $292 million exploit on KelpDAO’s LayerZero bridge led to a significant liquidity crisis for Aave, resulting in $8.45 billion withdrawn in just 48 hours. This event marked the largest liquidity crisis in DeFi history, prompting Aave to introduce a new risk management framework. Aave founder Stani Kulechov announced this framework on June 10, 2026, which includes four layers: Asset Risk, Bridging Risk, Automated Risk Oracles, and Monitoring. The exploit's impact forced an emergency bailout of $300 million to stabilize the situation. The new framework aims to enhance security and prevent future incidents. Aave's response reflects the growing need for robust risk management in decentralized finance.

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Updated 101d ago How this analysis works

Timeline

2026-04-01
KelpDAO exploit occurs
A $292 million exploit on KelpDAO’s LayerZero bridge leads to massive withdrawals from Aave.
Pluang
2026-04-03
Liquidity crisis at Aave
$8.45 billion withdrawn from Aave within 48 hours following the exploit, marking a historic crisis.
Pluang
2026-06-10
Aave announces new risk framework
Aave introduces a new risk management framework with four key layers to enhance security.
Pluang

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