The $292 million Kelp exploit: how it happened, and what it means for DeFi

The $292 million Kelp exploit: how it happened, and what it means for DeFi

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailThe $292 million Kelp exploit: how it happened, and what it means for DeFi2026 is shaping up to be DeFi's "worst year in terms of hacks," Ledger's CTO said, as the Kelp exploit shows how a single point of failure can cascade across systems.By Krisztian Sandor|Edited by Nikhilesh De Apr 19, 2026, 10:27 p.m. Make preferred on (Kevin Ku/Unsplash)What to know: A major $292 million exploit of KelpDAO is rippling across the DeFi sector.The incident is a reminder that as DeFi protocols become increasingly interconnected, a single weak link can ripple across the stack.Trust in DeFi "eroded" as 2026 will "most likely be the worst year in hacks," Ledger's Guillemet said.A roughly $292 million exploit over the weekend has rattled the crypto industr

Source: https://www.coindesk.com/business/2026/04/19/the-usd292-million-kelp-exploit-how-it-happened-and-what-it-means-for-defi