
How KelpDAO's $290M Exploit Nearly Killed DeFi | Stani Kulechov & Mike Silagadze
From Empire by Blockworks
May 4, 2026 · 59 min
About this episode
Stani Kulechov and Mike Silagadze discuss the KelpDAO exploit and its implications for DeFi.
This week, Stani Kulechov & Mike Silagadze join the show to discuss the aftermath of the KelpDAO exploit. We deep dive into why this hack could have potentially killed DeFi, launching the DeFi United fund, how to mitigate against future hacks, why DeFi tokens are uninvestable and more .Enjoy! -- Follow Stani: https://x.com/StaniKulechov Follow Mike: https://x.com/MikeSilagadze Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://x.com/theempirepod -- This episode is brought to you by Fidelity Crypto. Learn more at https://Fidelity.com/crypto Fidelity Crypto was built in-house with over a dozen years of crypto experience. So you can trade crypto and stocks in one place at Fidelity, backed by industry-leading security. Fidelity Crypto. We're here to help you feel good about investing in crypto. Crypto is offered by Fidelity Digital Assets, NA, is not insured by FDIC or SIPC and includes risk of complete loss. Securities offered by Fidelity Brokerage Services, LLC. Member NYSE, SIPC. -- Timestamps: (00:00) Introduction (04:08) How The KelpDAO Exploit Could Have Killed DeFi (14:13) Fidelity Crypto Ad (14:48) Launching DeFi United (30:12) Fidelity Crypto Ad (30:52) The…
People in this episode
Host: Jason Yanowitz
Guests: Stani Kulechov, Mike Silagadze
Topics covered
- KelpDAO exploit
- DeFi
- crypto security
- investing
- DeFi tokens
- hacks prevention
Keywords
- KelpDAO
- DeFi exploit
- crypto investing
- Fidelity Crypto
- DeFi hacks
- Aave
- EtherFi
Sponsors
Fidelity Crypto
Mentioned in this episode
Organizations: KelpDAO, DeFi United, Aave, EtherFi
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