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Happy Doge Day to the legends. 🐕 To the entire Dogecoin community respect. You didn’t just create a coin. You created a culture. You proved that memes can move markets, unite people, and outlive every

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Claim1,200 USDT in the Monthly Creation ChallengeVote to help HTX win & share 300 USDT!HTX Community Spring Creation ContestOver the weekend, the crypto market woke up to news regarding the exploit of

Claim1,200 USDT in the Monthly Creation Challenge

Over the weekend, the crypto market woke up to news regarding the exploit of the KelpDAO protocol. A $293 million exploit of Kelp’s bridge allowed attackers to use stolen rsETH, a liquid restaking token widely used in DeFi, as collateral to borrow funds on lending platforms, sparking concerns from the broader crypto market.

The attacker stole about 116,500 rsETH, a token issued by Kelp DAO that represents "restaked" Ethereum by targeting a bridge built using LayerZero, a system that allows different blockchains to communicate. The total losses are estimated at roughly $293 million, making it the largest DeFi exploit of 2026.

ETH Developer Warns: Ethereum Needs Validity Proof

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Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimHTX DAO's First Hackathon Launches!Ethereum Foundation developer and researcher Barnabé Monnot indicates that the latest cryp

Ethereum Foundation developer and researcher Barnabé Monnot indicates that the latest crypto hacks highlight a larger goal for Ethereum as well as many crypto assets. Advertisement Over the weekend, the crypto market woke up to news regarding the exploit of the KelpDAO protocol. A $293 million exploit of Kelp’s bridge allowed attackers to use stolen rsETH, a liquid restaking token widely used in DeFi, as collateral to borrow funds on lending platforms, sparking concerns from the broader crypto market.The attacker stole about 116,500 rsETH, a token issued by Kelp DAO that represents "restaked" Ethereum by targeting a bridge built using LayerZero, a system that allows different blockchains to communicate. The total losses are estimated at roughly $293 million, making it the largest DeFi exploit of 2026. HOT Stories Ripple Veteran Slams DeFi Bridge Security Bullish XRP Wave Has Ended, Bitcoin's (BTC) Goodbye to $80,000, Shiba Inu (SHIB) Exchange Netflows Cross 10 Billion: Crypto Market Review The attack affected cross-chain infrastructure, restaking models and lending markets at the same time and follows a string of recent incidents. Advertisement You Might Also Like Sat, 04/11/2026 - 12:45 Ethereum Devs Signal Glamsterdam Devnet Launch Next Week as Upgrade Progresses ByTomiwabold Olajide The hack occurred in an unusually hostile stretch for DeFi — particularly this month. Solana-based perpetuals protocol Drift was drained of about $285 million in an April 1 attack, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.Hack highlights larger goal for EthereumIn a recent tweet, Ethereum Foundation developer and researcher Barnabé Monnot states that the recent hacks serve as a reminder not only for Ethereum but for other crypto assets on the major goal ahead. He highlighted t

Ethereum Foundation developer and researcher Barna

EDUCATION AND LEARNING TOKEN GAINING MODEST TRACTION? 🔍 $EDU {future}(EDUUSDT) /USDT +3.08% EDU is moving higher with reasonable volume behind it in the education sector narrative. Current Price: 0.04

WL: Ethereum L2/Sidechain

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimPost To Earn BonusPolymarket seeks $400 million raise at $15 billion valuation: report Similar news (2) Add similar news Poly

Polymarket seeks $400 million raise at $15 billion valuation: report


Similar news (2)

Add similar news

Polymarket in talks to raise $400M at a $15B valuation: Report

cointelegraph.com3 h ago

Polymarket’s Ambitious $400M Fundraising Targets Staggering $15B Valuation



Polymarket seeks $400 million raise at $15 billion

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimHTX DAO's First Hackathon Launches!🚨$292 MILLION STOLEN IN A SINGLE TRANSACTION. AND THEN THE ATTACKER USED THE STOLEN TOKENS

🚨$292 MILLION STOLEN IN A SINGLE TRANSACTION. AND THEN THE ATTACKER USED THE STOLEN TOKENS TO ROB A SECOND PROTOCOL. THIS IS THE MOST SOPHISTICATED DEFI HACK EVER EXECUTED.

Here's what just happened to Kelp DAO. And why every DeFi user should be paying attention right now.

On April 18, an attacker exploited Kelp DAO's LayerZero-powered cross-chain bridge. And drained 116,500 rsETH in one transaction. That's 18% of the entire circulating supply. Gone in seconds.

But the hack itself wasn't even the scary part.

What the attacker did next was:

They took the stolen rsETH, which was now economically worthless because the bridge backing it had been drained. And deposited it as collateral on Aave V3. The largest lending protocol in DeFi.

Aave's price oracle hadn't updated yet. It still thought the rsETH was worth full price. So the protocol accepted hundreds of millions in toxic collateral as if it were real.

The attacker then borrowed massive amounts of real WETH against the worthless tokens. Withdrew it. And walked away.

Leaving Aave holding bags of unbacked rsETH that no liquidator would ever touch. Because who's going to spend real ETH to receive tokens worth zero?

That's how you turn a bridge hack into a lending protocol crisis.

The bad debt was so severe that Aave's founder Marc Zeller publicly told users: "If you have WETH on Aave V3 Core, Withdraw now. Ask questions later."

The AAVE token crashed 10-13% within hours. Aave lost over $3 billion in TVL as users panic-withdrew everything they could.

And here's the timeline that should terrify every protocol builder:

10 hours before the hack, the attacker funded 6 wallets through Tornado Cash. Completely untraceable.

17:35 UTC: The exploit fires. $292 million drained.

Within 60 minutes, the attacker swapped the stolen rsETH for raw ETH across KyberSwap, Curve, and Balancer. Consolidated 75,7

🚨$292 MILLION STOLEN IN A SINGLE TRANSACTION. AND

On April 20, Abu Dhabi-based regulated tokenization infrastructure company KAIO announced the completion of an $8 million strategic funding round, led by Tether, with participation from various crypto

KAIO Completes $8 Million Strategic Funding Round Led by Tether to Tokenize UAE Funds

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to Claim Blockchain Forum 2026, Moscow Coinbase Launches Crypto-Backed USDC Loans in the UK The main idea is simple. Users can unlock

Coinbase Launches Crypto-Backed USDC Loans in the UK

The main idea is simple. Users can unlock value from their crypto without giving it up. Instead of selling Bitcoin or Ethereum, they can use it as collateral. Once the loan is approved, USDC is sent instantly to the user’s account. From there, they can send it globally for free or convert it into cash. This makes it easier to handle expenses while still holding long-term investments. For many users, this balance is important.

Coinbase Launches Crypto-Backed USDC Loans in the

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimPost To Earn BonusAmerican Financial Advisory Firm Shares Two Reasons XRP Could be a Good Buy Before 202 The Motley Fool, an 

American Financial Advisory Firm Shares Two Reasons XRP Could be a Good Buy Before 202

The Motley Fool, an American financial advisory firm, says the $XRP downturn could present an opportunity for investors ahead of 2027.

$XRP has gone through a tough period, falling 22% since the start of the year and dropping 52% from October 2025, when the current downtrend began. With this decline, The Motley Fool has explained why $XRP could still be worth considering before 2027.

Key Points

$XRP has collapsed 22% year-to-date, currently sitting at $1.43 as the months-long downtrend persists.

The Motley Fool shares two reasons this downturn may present an opportunity for investors to procure $XRP before 2027.

The first reason focuses on how Ripple is changing its strategy toward a broader ecosystem development.

For the second reason, The Motley Fool mentions $XRP’s growing institutional adoption.

$XRP Downturn Presents Opportunity

In a report, The Motley Fool pointed out that $XRP has struggled throughout 2026. Notably, from the $3.6 high attained last summer, the token has lost more than 60% of its value.

The report suggests that this drop may create an opportunity. For investors who have been waiting for prices to come down, this could be the moment to take a closer look, The Motley Fool said. It then highlighted two main reasons behind its outlook.

Ripple’s Push Toward a Broader Ecosystem

The first focuses on how Ripple is changing its strategy. In the past, Ripple mainly tried to set up $XRP as an alternative to traditional cross-border payment systems like SWIFT. Since its creation in 1973, SWIFT has handled trillions of dollars in daily transactions, along with other major payment networks.

However, getting banks to move away from a trusted and widely used system has not been easy. While Ripple has gained some institutional partners, it has not achieved large-sc

American Financial Advisory Firm Shares Two Reason

The debate around DeFi data accuracy has resurfaced after concerns emerged that Aave’s total value locked (TVL) may be artificially boosted by circular borrowing strategies and leveraged looping mecha

The debate around DeFi data accuracy has resurfaced after concerns emerged that Aave’s total value locked (TVL) may be artificially boosted by circular borrowing strategies and leveraged looping mechanisms.
However, DefiLlama founder 0xngmi pushed back strongly against these claims, stating that Aave’s TVL is already adjusted to exclude borrowed assets and looping effects in its methodology.
According to him, DefiLlama does not count borrowed funds as part of TVL, meaning that “cycled lending” or repeated collateral reuse does not artificially inflate the reported figures on its dashboards. He also noted that any previously identified duplication issues related to looping strategies, including those linked to protocols like Ethena, have already been addressed and removed from calculations.
The clarification comes amid growing complexity in DeFi strategies, where protocols such as Aave, Ethena, and restaking systems enable users to repeatedly collateralize assets and generate yield through layered borrowing structures. While these mechanisms significantly improve capital efficiency, they have also raised questions about whether TVL still reflects “true” liquidity.
Data shows that Aave’s TVL has grown significantly during recent periods of increased borrowing demand, while protocol revenue has also risen, suggesting that higher activity is not purely a statistical artifact. Ethena, for example, has also seen rapid growth in TVL alongside expanding yield strategies built on synthetic dollar and collateral looping systems.
Despite this growth, Aave’s native token AAVE has remained well below its all-time highs, highlighting a disconnect between on-chain usage and token price performance. Meanwhile, net deposits into the protocol have surpassed tens of billions, reinforcing its role as one of the core liquidity hubs in DeFi.
0xngmi emphasized that while DeFi TVL remains a useful metric, it should be interpreted carefully in the contt of evolving leverage strategies. 


DefiLlama Founder Rejects Claims That Aave TVL Is

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