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DeFi Demonstrates Resilience Following $292 Million Cyber Attack, Standard Chartered Reports
The decentralized finance sector has shown its capacity to withstand significant disruptions, as evidenced by its response to a $292 million cyber attack on April 18, which highlighted inherent systemic vulnerabilities, according to a report by Standard Chartered. The breach of KelpDAO had a ripple effect on AAVE, the largest DeFi lending platform, as stolen tokens were utilized as collateral to …
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 After $292 Million Cyber Attack, Standard Chartered Reports
A recent cyber attack on April 18, resulting in a $292 million loss, has left the decentralized finance sector reeling but not broken, according to a report by Standard Chartered. The exploit, which began with KelpDAO and subsequently affected AAVE, the largest DeFi lender, led to a significant liquidity crisis, with deposits plummeting by approximately 38% and active loans decreasing by 31%. Des…
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 not deterred the growth of decentralized finance, according to a report by Standard Chartered. The hack, which affected KelpDAO and spilled over to AAVE, the largest DeFi lender, led to a sharp decline in liquidity and a significant drop in deposits and active loans. However, the swift response from AAVE and other DeFi firms, which committed over…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, Standard Chartered Reports
The decentralized finance sector was severely tested but remained operational after a $292 million exploit on April 18 revealed underlying systemic vulnerabilities, according to a report by Standard Chartered. The attack, which originated from KelpDAO and spread to AAVE, the largest DeFi lender, utilized stolen tokens as collateral to borrow other assets, triggering a sharp decline in liquidity a…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Amid $292 Million Hack, Standard Chartered Reports
A recent $292 million exploit on April 18 has highlighted systemic risks in decentralized finance, but the sector has shown it can withstand significant challenges, according to Standard Chartered. The bank describes DeFi as "bent, not broken" following the attack, which affected KelpDAO and spilled over into AAVE, the largest DeFi lender. The incident led to a sharp decline in liquidity, with de…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Cyber Attack, Says Standard Chartered
The decentralized finance sector has shown its ability to withstand significant challenges after a major cyber attack on April 18 resulted in a $292 million loss, according to a report by Standard Chartered. The incident, which began with an exploit on KelpDAO and subsequently affected AAVE, the largest DeFi lender, led to a sharp decline in liquidity and a significant decrease in deposits and ac…
April 29, 2026, 12:55 p.m.
Finance
DeFi Demonstrates Resilience Following $292 Million Hack, According to Standard Chartered
A recent $292 million exploit on April 18 has shaken the decentralized finance (DeFi) sector, but it has shown resilience, according to Standard Chartered. The attack, which targeted KelpDAO and subsequently affected AAVE, the largest DeFi lender, exposed systemic risks and sparked a liquidity crunch, with deposits and active loans plummeting. Despite this, the bank remains optimistic about the s…
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 ability to withstand significant challenges, following a major cyber attack on April 18 that exposed vulnerabilities worth $292 million, according to a report by Standard Chartered. The hack, which affected KelpDAO and subsequently impacted AAVE, the largest DeFi lender, led to a sharp decline in liquidity and sparked a bank-run-like scenario. Howeve…
April 29, 2026, 12:55 p.m.
Finance
Defiance in DeFi: $292 Million Hack Fails to Rattle Sector, According to Standard Chartered
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April 29, 2026, 12:55 p.m.