DeFi

The Daily: Crypto whale loses almost $50M in DeFi swap, BlackRock’s staked Ethereum ETF sees ‘very solid’ debut, and more

$50 Million DeFi Trade Goes Wrong After Massive Price Impact

Aave Swapper Loses $50M to Slippage

The $290 Million KelpDAO Hack Linked to North Korea Wiped $13 Billion From DeFi in Two Days

Security researchers flag ongoing Stake DAO exploit after attacker mints trillions of vsdCRV

Security researchers have identified an ongoing exploit of Stake DAO where an attacker minted 5.4 trillion vsdCRV tokens on Arbitrum and is actively converting them to ether. This represents a critical vulnerability in the protocol that threatens user funds and market stability on the affected blockchain.

Laywer pops up on Arbitrum DAO forums seeking funds for victims of decades-old North Korean terrorist acts

Families with decades-old judgments against North Korea are attempting to seize 30,765 ETH (approximately $100+ million) frozen after last month's rsETH exploit, claiming the attack was linked to DPRK-affiliated hacking groups like Lazarus. They've filed a New York restraining notice that could prevent Arbitrum from releasing the funds, marking an unprecedented intersection of geopolitical claims, legal enforcement, and DeFi security.

KelpDAO exploit highlights DeFi vulnerability amid $1.2B crypto hack concerns for 2026

The KelpDAO exploit reveals critical security vulnerabilities in DeFi protocols, raising concerns about a potential $1.2B in crypto hacks anticipated for 2026. The incident underscores the need for stronger security measures and may influence future regulatory frameworks governing decentralized finance.

The $292M crypto hack exposed DeFi's weak spots. Here’s what must change, insiders say

A $292 million cryptocurrency hack has exposed critical vulnerabilities in DeFi infrastructure, prompting industry leaders to advocate for systemic changes in risk management, security protocols, and market structure as traditional finance increasingly moves on-chain.

April 2026: Cryptocurrency Suffers Record-Breaking Wave of Hacking Incidents

April 2026 experienced a catastrophic security crisis with 24+ cryptocurrency hacking incidents resulting in $600M in combined losses. Major platforms Kelp DAO ($292M) and Drift Protocol ($280M) suffered the largest breaches, signaling systemic vulnerabilities in DeFi infrastructure that threaten user confidence and market stability.

North Korea’s Lazarus Group hacks $635M from crypto protocols in April

North Korea's Lazarus Group executed a $635 million hack against cryptocurrency protocols in April, exposing critical vulnerabilities in DeFi infrastructure. The attack is likely to intensify regulatory scrutiny and erode investor confidence in decentralized finance platforms.

Anatomy of a Liquidity Freeze

Lazarus Group exploits ThorChain for $292M rsETH laundering operation

Lazarus Group linked to $292M DeFi hack, $13B TVL outflows ensue

The Day DeFi Changed Forever

"Did Something Change?" Ripple CTO Emeritus Probes KelpDAO Exploit Claims

Aave Battles Existential Crisis Following Year’s Largest Crypto Breach

DeFi Just Lost $15 Billion in Three Days. Something Deeper Than a Hack Is Behind It

KelpDAO Attacker Converts $175M in Stolen ETH to Bitcoin Through THORChain

Aave (AAVE) Loses $15B in TVL Following KelpDAO Bridge Exploit and Massive Bad Debt

Kelp DAO hack triggers $10B withdrawal from AAVE

A significant security breach at Kelp DAO has triggered approximately $10 billion in withdrawals from AAVE, highlighting critical vulnerabilities in DeFi protocols. The incident raises institutional risk concerns and may accelerate a broader reassessment of security practices across the decentralized finance ecosystem.

$606 Million Lost: April 2026 Becomes the Worst Month for Crypto Exploits

April 2026 emerged as the worst month for cryptocurrency exploits with $606M in losses across 12 incidents, representing a 3.7x increase over Q1 totals. Major attacks included Drift Protocol's $285M social engineering breach and Kelp DAO's $293M bridge vulnerability exploit, signaling escalating security risks in DeFi infrastructure.

Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack

LayerZero faces backlash over its response to the $290 million KelpDAO exploit, with the crypto community criticizing the protocol for shifting blame to KelpDAO's single-verifier configuration rather than addressing fundamental vulnerabilities in its own DVN infrastructure and RPC dependency.

$292M Kelp DAO Security Breach Leaves Aave Facing Massive Bad Debt Exposure

Kelp DAO experienced a $292M security breach through a LayerZero bridge exploit, exposing Aave to up to $230M in potential bad debt. The incident highlights critical vulnerabilities in cross-chain protocols and raises questions about responsibility allocation between platforms in the DeFi ecosystem.

AAVE Price Plummets By 26%: $9 Billion Net Outflows Traced To Kelp DAO Hack

A $292 million Kelp DAO hack triggered a cascading crisis across DeFi lending, with Aave bearing the brunt as $280 million in unbacked collateral created a liquidity crunch. The incident sparked a bank-run dynamic, driving $9 billion in net outflows from Aave and causing AAVE tokens to plummet 26% while the protocol's ETH pool reached 100% utilization, effectively freezing user withdrawals.

North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit

North Korea has stolen over $500 million from DeFi protocols Drift and Kelp in successive exploits within two weeks, signaling a coordinated campaign rather than isolated incidents. The attacks reflect the sanctioned state's strategic pivot toward cryptocurrency theft as a revenue mechanism, raising critical security concerns across the DeFi ecosystem.