DeFi Hit by $600M Kelp DAO Exploit: Cross-Chain Flaws Cost Billions in 2026
DeFi Loses $600M in Kelp DAO Exploit: Cross-Chain Security Flaws Exposed (2026) A brutal blow struck the decentralized finance (DeFi) sector on April 18, 2026, as Kelp DAO, a prominent protocol, fell victim to a sophisticated exploit. Attackers minted 116,500 unbacked rsETH tokens, fueling sector-wide losses surpassing $600 million and driving cumulative damages perilously close […]
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