Uncovering the $292 Million Kelp Exploit: A DeFi Wake-Up Call
A recent $292 million exploit has shaken the cryptocurrency world, revealing weaknesses in the decentralized finance (DeFi) infrastructure and sparking concerns about the potential for far-reaching consequences across lending protocols. As investigations continue, preliminary analysis suggests that the attack focused on Kelp's rsETH token, a yield-bearing version of ether (ETH), and the mechanism…
April 19, 2026, 10:27 p.m.