Uncovering the $292 Million Kelp Exploit: A DeFi Disaster
A devastating $292 million exploit has sent shockwaves through the cryptocurrency industry, exposing weaknesses in DeFi infrastructure and sparking concerns about the potential ripple effects on 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 unbacke…
April 19, 2026, 10:27 p.m.