W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/23/2026

Kelp DAO Suffers Massive $292 Million Exploit

Kelp DAO, a liquid staking protocol, was exploited for $292 million in one of the largest DeFi hacks of 2026.

Kelp DAO Suffers Massive $292 Million Exploit

What happened: Kelp DAO, a liquid staking protocol, was exploited for $292 million in one of the largest DeFi hacks of 2026. The exploit highlights ongoing security vulnerabilities in decentralized finance protocols despite increased security awareness and auditing practices.

Why it matters: This represents the largest single DeFi exploit since several major hacks in 2024, raising fresh concerns about protocol security as Total Value Locked (TVL) across DeFi continues growing. The incident could trigger broader risk-off sentiment in DeFi tokens and prompt renewed regulatory scrutiny of decentralized protocols. For Kelp DAO users, the exploit threatens significant losses unless recovery mechanisms prove successful.

Source: CoinDesk