DeFi's Resilience: Why the Latest Exploit Doesn't Signal Its Demise
In the wake of a significant exploit and a substantial decline in DeFi's total value locked, it's easy to assume that decentralized finance is on the brink of collapse. However, this perspective may be overly simplistic. The recent KelpDAO exploit, which resulted in a $290 million loss, was a targeted attack on LayerZero's verification stack, rather than a smart contract bug. This distinction is …