DeFi
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.
Aave’s core markets hit 100% utilization at once, and that's not a good thing
CertiK says the lending protocol is in serious trouble while CEO Stani Kulechov tells CoinDesk he does “not have anything useful to say.”
KelpDAO hackers are laundering millions in stolen crypto, data show
KelpDAO hackers are moving $290M in stolen crypto across blockchains, using privacy tools to mask the trail as DeFi contagion fears move through the sector.
Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos
Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million if confined to Layer 2s, with the final impact depending on how Kelp DAO allocates the shortfall.
Bitcoin bounces above $76,000 as DeFi suffers $14 billion exodus after KelpDAO hack
Crypto steadied despite rising Iran tensions, but DeFi is reeling from one of the largest exploits of the year.
$13B exits DeFi in 48 hours after Kelp DAO's exploit
A $292 million exploit of Kelp DAO's cross-chain bridge has wiped $13 billion from DeFi in two days, with Aave alone losing $8.45 billion in deposits. LayerZero attributes the attack to North Korea's Lazarus Group and blames Kelp's single-verifier setup. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
A $300 million borrowing spike on Aave signals liquidity crunch after KelpDAO exploit
The aftershocks of the Saturday's KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious.
The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack
Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline.
The $292 million Kelp exploit: how it happened, and what it means for DeFi
2026 is shaping up to be DeFi's "worst year in terms of hacks," Ledger's CTO said, as the Kelp exploit shows how a single point of failure can cascade across systems.
'DeFi is dead': crypto community scrambles after this year's biggest hack exposes contagion risk
Developers and traders warn of structural risks as a cross-chain exploit spreads fear and prompts billions to flee DeFi platforms.
