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DeFi Demonstrates Resilience Following $292 Million Hack, According to Standard Chartered
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April 29, 2026, 12:55 p.m.
Finance
DeFi Proves Its Mettle Amid $292 Million Hack, Says Standard Chartered
None
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, According to Standard Chartered
None
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, Says Standard Chartered
A recent $292 million exploit on April 18 has not deterred the decentralized finance (DeFi) sector, with investment bank Standard Chartered describing it as 'resilient' in the face of systemic risks. The hack, which targeted KelpDAO and subsequently affected AAVE, the largest DeFi lender, led to a significant liquidity crisis. This resulted in a 38% decrease in deposits and a 31% drop in active l…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Hack, According to Standard Chartered
None
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, Says Standard Chartered
A recent $292 million exploit on April 18 has not deterred the decentralized finance (DeFi) sector, according to Standard Chartered, with the bank describing it as 'bent, not broken'. The attack on KelpDAO had a ripple effect on AAVE, the largest DeFi lender, after stolen tokens were used as collateral for other assets, triggering a sharp liquidity crunch. This resulted in a 38% drop in deposits …
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, Says Standard Chartered
The decentralized finance sector has shown it can withstand significant challenges after a $292 million hack on April 18 exposed vulnerabilities, according to Standard Chartered. The attack on KelpDAO had a ripple effect on AAVE, the largest DeFi lender, as stolen tokens were used to borrow other assets, triggering a sharp liquidity crisis. This led to a 38% decline in deposits and a 31% drop in …
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Hack, According to Standard Chartered
None
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Cyber Attack, Standard Chartered Reports
A recent $292 million cyber attack on April 18 has shaken the decentralized finance sector, but it has shown its capacity to withstand significant disruptions, according to a report by Standard Chartered. The bank noted that the exploit, which affected KelpDAO and spilled over into AAVE, the largest DeFi lender, highlighted systemic risks but also demonstrated the sector's ability to respond and …
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Cyber Attack, Standard Chartered Reports
A recent $292 million cyber attack on April 18 has left the DeFi sector reeling, but according to Standard Chartered, it has shown remarkable resilience. The attack, which originated on KelpDAO, had a ripple effect on AAVE, the largest DeFi lender, causing a significant liquidity crisis. Despite this, the sector is expected to reach a $2 trillion market cap by 2028, driven by growth in DeFi lendi…
April 29, 2026, 12:55 p.m.