Tag

#Kelp DAO

2 articles

Crypto

DeFi Under Siege: Hacks Trigger Market Contagion Fears

A series of sophisticated DeFi hacks, including a $292 million exploit at Kelp DAO, have triggered concerns of a market contagion. The incidents have led to liquidity issues in major lending protocols like Aave and highlighted the growing threat of AI-enhanced cyberattacks.

45 minutes ago
Crypto

DeFi Hit by $293M Exploit, Exposing Core Weakness

A massive $293 million exploit on Kelp DAO has shaken the DeFi world, exposing a critical architectural flaw in cross-chain bridges. The attack, which drained RS ETH, triggered a cascade of events including a bank run on Aave and significant losses across the DeFi ecosystem. This incident highlights the risks of relying on single points of failure in decentralized finance.

5 minutes ago