Kelp DAO exploit drains 116,500 rsETH, impacting DeFi protocols. Ethereum at $4,000 in April priced at 2.9% YES.

DeFi protocols have pledged over 43,500 Ether to restore rsETH backing after the $293 million Kelp exploit, as recovery efforts aim to limit contagion and stabilize the ecosystem.

A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to ...

A coordinated effort is underway across the decentralized finance ecosystem to restore the backing of rsETH, after a recent ...

DeFi is carrying nearly $200M in bad debt after this week's KelpDAO hack. Euler, Project 0 and Whop don't agree on what that ...

The latest victim is Volo Protocol, a platform built on the Sui blockchain, where users deposit assets into yield-generating ...

Aave and several major crypto firms are coordinating a recovery effort after a $292 million exploit tied to KelpDAO left the ...

Total industry losses from hacks now exceed $10 billion.

Volo Protocol, the operator of vaults that allow users to earn yields on their assets on Sui, announced that it has started ...

KelpDAO hack drains Solana DeFi liquidity. Jupiter Lend reaches 99% utilization while Kamino and Marginfi see rates surge ...

JPMorgan has cautioned that persistent security breaches and stagnant ETH-denominated growth are discouraging institutional adoption of decentralized finance. April’s record-breaking exploits, ...

Firelight Protocol has partnered with Sentora to provide native coverage for Sentora’s public and private vaults, introducing ...