Day: 24 April 2026

Kelp DAO Exploit Sparks Systemic Risk Concerns Across DeFi

Kelp DAO’s reported $292 million exploit is sending shockwaves through decentralized finance, exposing how deeply interconnected protocols can amplify risk rather than distribute it. The attack, which targeted the protocol’s rsETH bridge, involved roughly 116,500 rsETH, about 18% of its circulating supply, triggering immediate defensive reactions across multiple DeFi platforms. ...

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