DeFi's Resilience: Why the Latest Exploit Won't Be the Death Knell
In the wake of the recent KelpDAO exploit, it's easy to assume that decentralized finance is on its last legs. However, a closer examination of the facts reveals a more nuanced story. The exploit, which resulted in a $292 million theft, was a serious blow, but it was not a fatal one. The incident was linked to a targeted attack on LayerZero's verification stack, rather than a smart contract bug, …