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Finance
DeFi Demonstrates Resilience After $292 Million Cyber Attack, Says Standard Chartered
A recent $292 million cyber attack on April 18 exposed vulnerabilities in the DeFi ecosystem, but according to Standard Chartered, the sector has shown it can withstand significant disruptions. The hack, which targeted KelpDAO and subsequently affected AAVE, the largest DeFi lender, led to a sharp decline in liquidity, with deposits and active loans falling by 38% and 31%, respectively. Despite t…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Hack, Standard Chartered Reports
A recent $292 million exploit on April 18 has left decentralized finance (DeFi) shaken but unbroken, according to a report by Standard Chartered. The attack, which originated on KelpDAO and spread to AAVE, the largest DeFi lender, triggered a significant liquidity crisis. Despite this, the sector is expected to reach a $2 trillion market cap by 2028, driven by growth in DeFi lending and stablecoi…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Despite $292 Million Hack, Says Standard Chartered
A recent $292 million exploit on April 18 highlighted systemic vulnerabilities in decentralized finance, but the sector has shown it can withstand significant shocks, according to Standard Chartered. The bank noted that the attack, which affected KelpDAO and had a ripple effect on AAVE, the largest DeFi lender, did not break the sector's resolve. Instead, it spurred a swift response from AAVE and…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Hack, According to Standard Chartered
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April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, Standard Chartered Reports
The DeFi sector has shown its ability to withstand significant challenges, including a recent $292 million exploit on April 18, which exposed systemic vulnerabilities. According to Standard Chartered, this incident, although severe, did not break the sector. The attack on KelpDAO had a ripple effect on AAVE, the largest DeFi lender, as stolen tokens were used to borrow other assets, leading to a …
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Cyber Attack, Standard Chartered Reports
The decentralized finance sector has shown its capacity for resilience in the face of adversity, following a significant cyber attack on April 18 that resulted in a $292 million loss, according to a report by Standard Chartered. The attack, which targeted KelpDAO and subsequently affected AAVE, the largest DeFi lender, led to a sharp decline in liquidity and sparked concerns about systemic risks.…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Cyber Attack, Says Standard Chartered
A recent $292 million cyber attack on April 18 has shaken the DeFi sector, but according to Standard Chartered, it has shown resilience. The attack on KelpDAO had a ripple effect on AAVE, the largest DeFi lender, leading to a sharp decline in liquidity and a bank-run-like scenario. Despite this, the bank expects tokenized real-world assets to reach a $2 trillion market cap by 2028, driven by grow…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Cyber Attack, Says Standard Chartered
The DeFi sector has shown it can withstand significant challenges after a $292 million cyber attack on April 18 exposed vulnerabilities in the system, according to a report by Standard Chartered. The attack on KelpDAO had a ripple effect on AAVE, the largest DeFi lender, leading to a sharp decline in liquidity and sparking a bank-run-like scenario. Despite the setback, the bank remains optimistic…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Cyber Attack, Says Standard Chartered
A recent $292 million cyber attack on April 18 has had a significant impact on the DeFi sector, but it has shown its ability to withstand such incidents, according to Standard Chartered. The attack on KelpDAO had a ripple effect on AAVE, the largest DeFi lender, as stolen tokens were used as collateral to borrow other assets, resulting in a sharp liquidity crunch. Despite this, the bank expects t…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience After $292 Million Hack, Standard Chartered Reports
A recent $292 million exploit on April 18 has not deterred the DeFi sector, according to Standard Chartered, with the bank stating that it was 'shaken but not broken'. The incident began with an attack on KelpDAO, which then affected AAVE, the largest DeFi lender, as stolen tokens were used as collateral for borrowing other assets. This led to a sharp decline in liquidity, resulting in a 38% drop…
April 29, 2026, 12:55 p.m.