Following the KelpDAO Hack, Several Whales Pulled Funds from Aave, Including Abraxas Capital's $392 Million Withdrawal.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2026
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Source: moomoo
Kelp DAO Hack Impact: The recent hack of Kelp DAO has resulted in estimated losses between $177 million and $200 million for the platform, affecting various whales involved in the ecosystem.
Major Withdrawals: Significant withdrawals from Aave have been reported, with notable amounts including $392 million by Abraxas Capital, $431 million by MEXC, and $405.7 million potentially linked to Whale 0x7CD0.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
