DeFi's Resilience: Why the Latest Exploit Doesn't Signal the End
The recent KelpDAO exploit has led many to proclaim the demise of DeFi, but a closer examination of the facts reveals a more complex narrative. The attack, which resulted in a $292 million loss, was attributed to a targeted attack on LayerZero's verification stack, rather than a smart contract bug. This distinction is crucial, as it highlights the evolving nature of exploits in the DeFi space. Th…