Standard Chartered Maintains DeFi Forecast Despite Kelp Hack
The $292 million hack of the Kelp protocol dealt a significant blow to the decentralized finance sector, yet it was not deemed fatal. This conclusion was reached by Standard Chartered.
Standard Chartered Maintains DeFi Forecast Despite Kelp Hack
The $292 million hack of the Kelp protocol dealt a significant blow to the decentralized finance sector, yet it was not deemed fatal. This conclusion was reached by Standard Chartered.
LayerZero Commits 10,000 ETH to DeFi United Initiative
The omnichain protocol LayerZero has joined the DeFi United initiative. The project will donate a total of 10,000 ETH (~$23 million).
DeFi United Initiative Raises Over $300 Million Following Kelp Hack
The total donations for ecosystem recovery following the attack on Kelp have exceeded 132,704 ETH (over $302 million).
ZetaChain Halts Cross-Chain Operations Following Smart Contract Breach
On April 27th, a hacker exploited a vulnerability in the GatewayEVM contract of ZetaChain's first-level blockchain. The incident affected only the team's internal wallets.
Hackers Breach DeFi Protocol Scallop
The lending platform Scallop, based on the Sui blockchain, has been hacked. The perpetrators extracted approximately 150,000 SUI from the sSUI rewards pool.
Community Raises Over 100,000 ETH for Aave Recovery
The DeFi United initiative, aimed at aiding the ecosystem's recovery following the attack on Kelp, has raised over 100,000 ETH (~$230 million). This amount nearly covers the damage caused by the hack, which was approximately $290 million.
CoinShares Observes the Fusion of TradFi and DeFi into Hybrid Finance
In 2026, the infrastructure of traditional finance and distributed ledgers began to form a unified system, according to a CoinShares report.
DeFi protocols muster tens of thousands of ETH to shore up Aave
Aave has joined leading DeFi platforms to stabilise markets after the Kelp attack, launching DeFi United.
DeFi Hacks Cast Doubt on Wall Street’s Crypto Ambitions
Following recent DeFi attacks, the sector lost $15 billion. Andrew Moss of Jefferies believes this may dampen Wall Street firms' interest in blockchain technologies.
Aave Experiences Over $16 Billion in Deposit Outflows in Days
Following the Kelp hack, deposits in the leading lending protocol Aave dropped by 35% — from $45.8 billion to $29.6 billion, noted on-chain analyst EmberCN.
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