Weekly Recap: Kelp Crisis Tests DeFi's Resilience
AI Summary
A LayerZero bridge exploit on Kelp DAO drained $293M in 46 minutes, leaving Aave with over $200M in bad debt and triggering an industry-wide 'DeFi United' recovery effort. Justin Sun filed a lawsuit against World Liberty Financial in California federal court over frozen WLFI tokens. Bitcoin held near $78K amid $10B in Deribit options settlement, while MegaETH scheduled its MEGA token TGE for April 30 and both Polymarket and Kalshi announced plans to launch perpetual futures trading.
Key Facts
Author Takes
DeFi resilience in 2026
The Kelp exploit marked DeFi's worst week of the year, with the $293M loss in 46 minutes exposing critical vulnerabilities in cross-chain bridge security and DeFi composability risk.
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