Tag Archives: Kelp DAO

Crypto Decentralization Myth Busted: ETH And USDT Freezes Unveil A Shocking Truth

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Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds. The pundit specifically alluded to the Tether freeze and Arbitrum’s move to freeze the crypto assets stolen by the Kelp DAO exploiter.  Pundit Highlights Crypto Decentralization Myth In an X post, Star stated that centralization… Continue reading Crypto Decentralization Myth Busted: ETH And USDT Freezes Unveil A Shocking Truth→

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

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DeFi is having one of its most difficult weeks in recent memory. What started as a single exploit on April 19 has since cascaded into a system-wide liquidity shock that has rattled confidence across the ecosystem and raised questions that go well beyond the incident itself. The event began at Kelp DAO, where an attacker… Continue reading DeFi Just Lost $15 Billion in Three Days. Something Deeper Than a Hack Is Behind It→

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

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A $292 million hack tied to restaking protocol Kelp DAO has rippled through decentralized finance (DeFi) lending and market confidence far beyond the original incident, with Aave emerging as one of the hardest-hit examples.  Over the weekend, Aave’s native token (AAVE) fell by about 26%, while the protocol also saw a sharp decline in total… Continue reading AAVE Price Plummets By 26%: $9 Billion Net Outflows Traced To Kelp DAO Hack→