The head of Aave responds to criticism after a historic liquidity crisis
In April 2026, a flaw in KelpDAO's LayerZero bridge triggered $8.45 billion withdrawals on Aave in less than 48 hours, the biggest banking panic in DeFi history. Stani Kulechov, founder of Aave Labs, presented the episode as proof of the protocol's robustness at the Proof of Talk in Paris. However, the facts paint a much less flattering picture.
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