Tag: Exploit

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Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage

Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year's largest...

Why DeFi is not dead after the KelpDAO exploit

The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is...

DeFi United Fundraising Chips Away at Kelp Exploit Shortfall

Bybit CEO Ben Zhou pledged his support for Mantle's 30,000 ETH loan proposal.The "DeFi United" industry recovery effort spearheaded by Kelp and Aave Labs...

North Korea Tied to Heists Worth $578M in April After Kelp DAO Exploit

Kelp DAO suffered a $292 million hack on Saturday, overtaking Drift as the largest crypto exploit of the year so far. North Korea-linked hackers...

Aave leads DeFi bailout push after $292M crypto exploit

Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the...

Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH....

Polymarket traders don’t see Kelp socializing losses after $292 million exploit

A Polymarket contract on whether Kelp DAO will spread the losses from the weekend's $292 million exploit beyond those directly affected is pointing to...

The $292 million Kelp DAO exploit shows why crypto bridges are still one of the industry’s weakest links

The $292 million exploit tied to KelpDAO is the latest in a long line of crypto bridge hacks, underscoring how the systems designed to...

SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH. DeFi's lending...

Aave Deposits Drop by $15B Following Kelp DAO Exploit

Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday. Total value supplied to...

Volo Protocol loses $3.5 million in exploit days after KelpDAO’s breach

Another day, another exploit. The security crisis in blockchain-based decentralized finance (DeFi), once touted as a challenger to legacy infrastructure, is only getting worse.The...

Kelp DAO exploit may force big banks to rethink their blockchain plans, Jefferies warns

A major decentralized finance (DeFi) hack could prompt Wall Street firms to reassess the pace of their blockchain and tokenization efforts, a Jefferies analyst...