DeFi's Resilience: Why the Latest Exploit Doesn't Signal Its Demise
The recent $290 million exploit and the subsequent $13 billion drop in DeFi's total value locked may seem catastrophic at first glance, but a closer examination of the data reveals a more nuanced story. The KelpDAO exploit, which was attributed to North Korea's Lazarus Group, was a targeted attack on LayerZero's verification stack, rather than a smart contract bug. This incident highlights the im…