DeFi's Resilience: Why the Latest Exploit Won't Be the Death Knell
The recent $290 million exploit and the subsequent $13 billion decline in DeFi's total value locked have led many to proclaim the demise of decentralized finance. However, this take is not only lazy but also misguided. The KelpDAO exploit, which was attributed 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…