Kelp Exploit Exposes Vulnerabilities in Non-Isolated DeFi Lending

The Kelp liquid restaking protocol exploit highlights systemic risks in decentralized finance, prompting calls for improved security measures across the ecosystem.

The Kelp liquid restaking protocol exploit highlights systemic risks in decentralized finance, prompting calls for improved security measures across the ecosystem.

Kelp, a liquid restaking protocol, has paused its operations following a significant cyber attack that drained approximately $293 million from its platform. The incident has triggered a broader response across multiple crypto protocols.