DEFI EXPLOIT

Last weekend’s attack on Kelp, a liquid restaking protocol, drained nearly $300 million from its vaults. The hackers exploited weak spots in how Kelp moved assets between blockchains, a process called cross-chain bridging. This move didn’t just hurt Kelp—it rippled across several lending platforms.

In the first three months of 2026, hackers walked away with $168 million from DeFi projects—that’s down from $1. 5 billion stolen in the same stretch the year before. The biggest single hit came when someone stole $40 million from Step Finance by getting their hands on a private key. Then on January