Aave Successfully Liquidates Kelp DAO Attacker's Assets
- Liquidation Progress: Aave has successfully liquidated the rsETH positions held by the Kelp DAO attacker, marking a significant advancement in the DeFi United rescue initiative aimed at fully compensating users and restoring lost rsETH collateral after the $293 million hack on April 18.
- Asset Transfer: All remaining rsETH collateral has been transferred to a multisignature wallet controlled by the DeFi United consortium, with Galaxy Digital's Deputy Head of Research, Thaddeus Pinakiewicz, noting that only about 10% of the targeted Ether remains unrecovered, indicating near-complete restoration of Kelp DAO's stolen rsETH assets.
- Legal Challenges: While the liquidation of 13,000 ETH liberated approximately $30.2 million, another 30,765 ETH in Arbitrum DAO remains frozen due to a lawsuit filed by US-based Gerstein Harrow LLP, prompting Aave to urgently request the reversal of the court order preventing the return of these funds.
- Market Impact: The Kelp DAO exploit stands as one of the largest losses in the crypto sector for 2026, causing Aave's total value locked to plummet by $12 billion in just one week, with bad debt exceeding $190 million, as Aave seeks support from major stablecoin issuers to mitigate losses.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 81.183 | 86.111 | 89.733 | 94.661 | 98.283 | 103.211 | 106.833 |
| Fibonacci | 86.111 | 89.377 | 91.395 | 94.661 | 97.927 | 99.945 | 103.211 |
About AAVE
About the author
