{"id":592359,"date":"2026-04-18T20:06:09","date_gmt":"2026-04-18T20:06:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/592359\/"},"modified":"2026-04-18T20:06:09","modified_gmt":"2026-04-18T20:06:09","slug":"100-million-hack-on-an-altcoin-aave-also-has-bad-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/592359\/","title":{"rendered":"$100 Million Hack on an Altcoin \u2013 Aave Also Has Bad Debt"},"content":{"rendered":"

A new development has raised security concerns in the cryptocurrency market. According to information shared by on-chain data provider Onchain, KelpDAO\u2019s liquid staking token may have been subjected to a large-scale attack.<\/p>\n

Allegedly, assets worth over $100 million were affected by the breach. Following this development, negative impacts were also observed in version V3 of the decentralized finance (DeFi) protocol Aave. $AAVE V3 is reportedly facing a \u201cbad debt\u201d problem due to the possible hack in KelpDAO.<\/p>\n

Aave\u2019s price experienced a sharp drop following the incident:<\/p>\n

This chart shows the recent drop in $AAVE price.<\/p>\n

*This is not investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"A new development has raised security concerns in the cryptocurrency market. According to information shared by on-chain data…\n","protected":false},"author":2,"featured_media":592360,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,451,3,452,453],"class_list":["post-592359","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking-news","tag-breakingnews","tag-headlines","tag-news","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/592359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=592359"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/592359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/592360"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=592359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=592359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=592359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}