KELP PROTOCOL

Apr 20 2026CRYPTO

When DeFi Lending Takes a Hit, Everyone Feels It

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.

reading time less than a minute