DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave

DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave

April 21, 2026 · 8 min

About this episode

The episode discusses the crisis in the DeFi sector following a significant hack involving Kelp DAO's rsETH.

DeFi is in crisis mode with multiple lending markets at full utilization after $290M of Kelp DAO’s rsETH was hacked from Layer Zero.

Topics covered

Keywords

Mentioned in this episode

Organizations: Kelp DAO, Layer Zero, Aave

Products: rsETH

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