Hack
Schwab brings crypto to 38M users; North Korea 'simply' to blame for recent DeFi hacks
On this debut episode of CoinDesk's new show The Policy Protocol, co-hosts Renato Mariotti and Rebecca Rettig break down Schwab's rollout of crypto to nearly 40 million brokerage accounts and the Kelp DAO hack tied to North Korea. Ari Redbord, Global Head of Policy at TRM Labs, joins to make the case for going on offense against DPRK hackers and cracking down on non-compliant offshore exchanges.
Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack
Industry players are coordinating a recovery effort as the year's biggest crypto theft rattled Aave, with Lido and EtherFi being firsts to offer aid.
Inside the $71 million freeze on Arbitrum that has the crypto world questioning what decentralization really means
The emergency response prevented stolen funds from moving, but sparked debate over governance, control and the limits of decentralization on Layer 2s.
JPMorgan says persistent security flaws curb DeFi’s institutional appeal
A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to stablecoins point to ongoing fragility in DeFi.
The Protocol: Kelp DAO exploited for $292 million
Also: DPRK hacking crypto, Aave contagion and Coinbase on quantum computing.
The $292 million Kelp DAO exploit shows why crypto bridges are still one of the industry's weakest links
The problem is structural and as long as bridges depend on complex systems with shared infrastructure and hidden trust assumptions, they will remain vulnerable.
Lazarus Group has become especially dangerous with new Mach-O Man attack: CertiK
North Korea's Lazarus Group has a new attack vector that allows it to exploit an apparently routine business call as a gateway into a target's systems.
Traders don’t see Kelp socializing losses after $292 million exploit
Polymarket prices low odds of a system-wide redistribution, as the protocol weighs how to handle an undercollateralized rsETH supply
Another DeFi protocol loses millions in hack days after KelpDAO breach
Volo Protocol lost about $3.5 million from three vaults holding WBTC, XAUm, and USDC.
Crypto's massive exploit may force big banks to rethink their blockchain plans, Jefferies warns
The $293 million Kelp DAO exploit has exposed critical infrastructure risks, leading Jefferies to suggest that traditional financial firms may pause their blockchain initiatives to prioritize security.
