KelpDAO hack, massive ramifications across DeFi

KelpDAO hack, massive ramifications across DeFi

From Learn Cardano Podcast by Pete Bui

April 21, 2026 · 13 min

About this episode

The episode discusses the KelpDAO hack and its significant impact on the DeFi ecosystem.

The KelpDAO hack has had massive ramifications across the entire DeFi ecosystem, affecting many protocols with essentially a run on the bank as they try to get their liquidity out. 0:00 Intro 0:45 KelpDAO Hack Fallout 1:45 Aave Bank Run 3:05 LayerZero Explained 4:35 DVN Security Flaw 6:05 Broader Protocol Risk 7:45 Cardano Bridge Difference 9:10 DeFi Looping Risk 12:58 Wrap Up What you’ll learn: • The KelpDAO hack has had massive ramifications across the entire DeFi ecosystem, affecting so many protocols with essentially what's a run… • I'm going to go through the details here of what actually happened and why all these protocols seem to be falling over and all this TVL, th… • If it's your first time here, hit that thumbs up, like, subscribe, notification bell. • I talk all things crypto in this space here, and I'll try to keep you guys up to date with everything. • And this is the probably not the biggest hack this year, but it's had the biggest ramifications. • KelpDAO was hacked, had 293.7 stolen in an attack by an entity believed to be the Lazarus Group that's linked to North Korea. References: • x.com — https://x.com/astroboysoup/status/2043332063026393325 • x.com —…

People in this episode

Host: Pete Bui

Topics covered

  • KelpDAO hack
  • DeFi ecosystem
  • Aave bank run
  • LayerZero
  • protocol risk
  • Cardano bridge
  • DeFi looping risk

Keywords

  • KelpDAO
  • DeFi
  • Aave
  • LayerZero
  • Lazarus Group
  • North Korea
  • bank run
  • protocol risk
  • Cardano

Mentioned in this episode

Organizations: KelpDAO, Aave, LayerZero, DVN, Cardano, Lazarus Group

Places: North Korea

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