The $293 million Kelp DAO exploit has exposed critical infrastructure risks, leading Jefferies to suggest that traditional financial firms may pause their blockchain initiatives to prioritize security. A $293 million exploit of Kelp DAO, linked to North Korea’s Lazarus Group, has shaken DeFi markets and could prompt Wall Street firms to reassess the pace of their blockchain and tokenization projects. The attack exposed critical vulnerabilities in cross-chain bridges and single-validator setups,…
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