The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily…
Tag: KelpDAO
Ether Withdrawals to Resume Following KelpDAO and Aave’s Coordinated Token Burn
Key Takeaways The rsETH attacker’s Arbitrum tokens were burned today, following liquidation of 8 Aave V3 positions on May 6.…
Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack
Key Takeaways Lazarus Group attacked Layerzero Labs internal RPCs and poisoned data sources in order to attack the KelpDAO DeFi…
KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP
Key Takeaways Lazarus Group stole $300 million in rsETH on April 18 after breaching Layerzero’s core infrastructure. Over 47% of…
KelpDAO commits 2,000 ETH to DeFi united recovery fund for rsETH restoration
ECB held rates at April 30 meeting but Lagarde stressed rising inflation and growth risks from Iran war, signaling June…
Stablecoin Market Sheds $892M as KelpDAO Breach Triggers DeFi Unwind
Key Takeaways: KelpDAO breach triggered $892M outflows, pushing DeFi TVL down in April 2026. Tether USDT hit $189.78B and 59.19%…
Why DeFi is not dead after the KelpDAO exploit
The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is…
KelpDAO Hack ‘Contagion’ Triggers Worst DeFi Liquidity Crunch Since 2024
Key Takeaways: The KelpDAO exploit on April 18, 2026, exposed Aave to an estimated $124M-$230M in bad debt within 72…
Circle Economist Proposes Higher USDC Rates on Aave V3 After KelpDAO Exploit
Key Takeaways: Circle’s Chief Economist Gordon Liao proposed raising USDC’s Aave V3 Slope 2 rate to 50% to restore liquidity…
KelpDAO $290M Hack Wipes $13B From DeFi
A $290 million exploit on KelpDAO’s cross-chain bridge on April 18, attributed by LayerZero to North Korea’s Lazarus Group, sent…