Uncovering the $292 Million Kelp Exploit: A DeFi Wake-Up Call
A devastating $292 million exploit has sent shockwaves through the cryptocurrency market, exposing deep-seated vulnerabilities in decentralized finance (DeFi) systems and sparking fears of a ripple effect across lending protocols. As investigations continue, preliminary analysis suggests the attack was centered on Kelp's rsETH token, a yield-bearing version of ether (ETH), and the mechanism used …
April 19, 2026, 10:27 p.m.