DeFi's Resilience in the Face of Massive Exploits and Investor Exodus
The recent $290 million exploit and the subsequent $13 billion drop in DeFi's total value locked may seem catastrophic, but a closer examination reveals a more complex narrative. The KelpDAO exploit, which was linked to North Korea's Lazarus Group, exposed the vulnerabilities of DeFi's infrastructure, particularly in the use of single-verifier setups. However, the fact that DeFi has survived this…