Kelp
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April 2026 Sets All-Time Record for Number of Crypto Hacks
April 2026 saw a record-breaking 24 crypto hacks resulting in approximately $651 million in total losses. Kelp and Drift Protocol suffered the largest exploits.
Standard Chartered Maintains DeFi Outlook Despite $292M Kelp Protocol Hack
Standard Chartered analysts view the $292M Kelp protocol exploit as a serious but non-fatal blow to DeFi, maintaining their forecast for the tokenized asset market to reach $2 trillion by 2028.
DeFi United Raises Over $300M to Restore Ecosystem After Kelp Exploit
The DeFi United initiative has accumulated over 132,704 ETH ($302M) to recover from the Kelp protocol hack, fully covering the $290M in damages.
DeFi United Raises Over 100,000 ETH to Rebuild Aave Ecosystem After Kelp Exploit
A coalition of DeFi protocols has pooled over 100,000 ETH (~$230M) into a recovery fund for Aave following the Kelp exploit, nearly covering the $290M in damages.
DeFi United: Major Protocols Pool Tens of Thousands of ETH to Rescue Aave
Following the Kelp exploit, leading DeFi protocols have banded together under the DeFi United initiative, committing tens of thousands of ETH to restore rsETH backing and stabilize Aave.
Kelp Hack Fallout: Aave Loses $15.1 Billion in Deposits Within Days
The Kelp protocol exploit triggered a massive $15.1 billion deposit exodus from Aave, stripping a third of its TVL. Meanwhile, rival platform Spark absorbed $1.3 billion in inflows.
Kelp Protocol Loses $293M in Cross-Chain Bridge Exploit
Liquid restaking protocol Kelp suffered a $293M exploit through a vulnerability in its rsETH cross-chain bridge on LayerZero. AAVE dropped nearly 20% amid bad debt concerns.
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