Despite Massive Exploits and Investor Exodus, DeFi's Resilience Remains
The recent $290 million exploit and $13 billion decline in DeFi's total value locked may seem catastrophic at first glance, but a closer examination of the data reveals a more complex narrative. The KelpDAO exploit, which occurred over the weekend, was a targeted attack on LayerZero's verification stack infrastructure, rather than a smart contract bug. This incident highlights the importance of r…