Inside the chaotic $300 million emergency bailout that saved a top crypto platform from total collapse
Decentralized finance (DeFi) is recovering from a string of sophisticated exploits that have triggered an intense debate over whether public blockchain protocols can truly handle systemic risk. The crisis peaked in April 2026, with the $292 million exploit of KelpDAO’s LayerZero-powered bridge triggered a devastating $8.45 billion deposit run on Aave, the world’s largest decentralized...
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