DeFi's Resilience in the Face of Massive Exploits and Investor Exodus
The recent $290 million exploit and the subsequent $13 billion decline in DeFi's total value locked may seem catastrophic at first glance, but a closer examination of the data reveals a different narrative. The exploit, which targeted KelpDAO's infrastructure, was a serious incident, but it was not a smart contract bug, as is often the case. Instead, it appears to have been a targeted attack on L…
