NewsDialy
Some crypto borrowers are reconsidering decentralized finance (DeFi) lending after a security breach at Kelp DAO exposed vulnerabilities in how cross-chain bridges verify messages.
The incident, which occurred in April 2026, resulted in estimated losses of $292 million, a figure later attributed to North Korea's Lazarus Group.
For borrowers, the key issue is that the attack did not target the lending protocols' code but rather the upstream infrastructure they rely on.
Security firm Halborn reported that attackers knocked offline honest data nodes and forced the system onto nodes they controlled.
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