DeFi's Resilience: Why the Latest Exploit Doesn't Signal the End
The recent $290 million exploit and the subsequent $13 billion slide in DeFi's total value locked have led many to proclaim that decentralized finance is broken. However, this take is not only lazy but also misguided. The KelpDAO exploit, which was linked to North Korea's Lazarus Group, was a serious incident, but it was not a result of a smart contract bug. Instead, it was a targeted attack on L…