CertiK says the lending protocol is in serious trouble while CEO Stani Kulechov tells CoinDesk he does “not have anything useful to say.” Aave, one of the largest decentralized lending platforms, has effectively frozen after its major markets hit 100% utilization, leaving users unable to withdraw roughly $5 billion in USDT and USDC. The crisis stems from a $292 million exploit of the Kelp DAO rsETH bridge, which led to unbacked collateral on Aave, nearly $200 million in WETH borrowing, and a ra…
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