Unpacking the $292 Million Kelp Exploit: A DeFi Wake-Up Call
A recent $292 million exploit has sent shockwaves through the cryptocurrency industry, exposing weaknesses in decentralized finance (DeFi) systems and sparking concerns about the potential for a cascade of failures across lending protocols. The attack, which targeted Kelp's rsETH token, a yield-bearing version of ether (ETH), and the mechanism for transferring assets between blockchains, has rais…
April 19, 2026, 10:27 p.m.