Uncovering the $292 Million Kelp Exploit: A DeFi Vulnerability Exposed
A devastating $292 million exploit has shaken the cryptocurrency industry, revealing significant vulnerabilities in DeFi infrastructure and sparking concerns about potential knock-on effects across lending protocols. The attack, which occurred over the weekend, appears to have targeted Kelp's rsETH token, a yield-bearing version of ether, and manipulated the system to create large amounts of unba…
April 19, 2026, 10:27 p.m.