Unpacking the $292 Million Kelp Exploit: A DeFi Wake-Up Call
A staggering $292 million exploit has sent shockwaves through the cryptocurrency industry, laying bare the weaknesses in DeFi infrastructure and raising alarm bells about potential knock-on effects across lending protocols. The attack, which targeted Kelp's rsETH token, a yield-bearing version of ether, exploited a single point of failure in the system, allowing the perpetrator to create vast amo…
April 19, 2026, 10:27 p.m.