DeFi
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.
From DeFi to deep space: How SkyMapper and Avalanche are securing the world's telescope records
SkyMapper has introduced a dedicated Avalanche-based network that records observations from telescopes around the world, turning each data point into a secure, verifiable digital record.
DeFi’s shakeout is a stress test, not a death sentence
Novozhenov argues that despite lingering governance, security and regulatory hurdles that have shuttered several protocols, DeFi remains resilient.
Trump-Linked World Liberty Financial raises insider access questions
On-chain data analyzed by CoinDesk shows World Liberty Financial used its own stablecoin and governance tokens to borrow tens of millions through a DeFi protocol whose co-founder is an advisor of the venture. The transactions have left retail depositors exposed to concentrated liquidation risk. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
