Kelp DAO exploit triggers crisis of confidence in DeFi
The $293 million Kelp DAO-LayerZero bridge exploit, the tenth-largest DeFi theft on record, has shaken industry confidence, with Aave suffering 40% deposit outflows in a week and ceding its top-protocol ranking to Lido as some call it 'DeFi's Lehman moment.'
Entities mentioned
- Kelp Dao
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