DeFi
DeFi

The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack

Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline.…
DeFi

The $292 million Kelp exploit: how it happened, and what it means for DeFi

2026 is shaping up to be DeFi’s “worst year in terms of hacks,” Ledger’s CTO said, as the Kelp exploit…
DeFi

Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic

After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds. Read…
DeFi

'DeFi is dead': crypto community scrambles after this year's biggest hack exposes contagion risks

Developers and traders warn of structural risks as a cross-chain exploit spreads fear and prompts billions to flee DeFi platforms.…
DeFi

Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs

The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the…
DeFi

Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says

Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to…
DeFi

Aave sees $6 billion deposit drop as Kelp hack exposes structural risk for DeFi lender

The AAVE token fell 16% and deposits fled the protocol after attackers used drained rsETH as collateral to borrow wrapped…
DeFi

Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt

Attacker minted unbacked rsETH through Kelp’s LayerZero bridge, then borrowed WETH on Aave V3 and V4 before markets could freeze.…
DeFi

Kelp restaking platform exploited, $293M drained in attack

The attack caused a “cross-protocol contagion” that has impacted at least nine crypto protocols, blockchain security firm Cyvers said. Read…
DeFi

2026's biggest crypto exploit: $292 million gets drained from Kelp DAO with wrapped ether stranded across 20 chains

An attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp’s LayerZero-powered bridge on Saturday, triggering emergency freezes across…