DeFiBearishThe Block · 4h ago7/10
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‘Are we an industry of clowns?’: DeFi grapples with security tradeoffs after $292M Kelp DAO fallout
Kelp DAO's $292M exploit has triggered industry-wide scrutiny of DeFi security protocols and risk management practices. The incident prompted significant capital withdrawals from lending protocols like Aave, exposing fundamental tensions between decentralization, security, and user protection that the DeFi sector must address.
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