Kelp DAO suffers $292 million attack, sparking DeFi security debate

According to CoinDesk, Kelp DAO suffered an attack amounting to $292 million, shaking the crypto lending market. Industry insiders believe this is only a temporary setback and will not hinder institutions from adopting DeFi. Wall Street firms such as Apollo Global Management and BlackRock continue to advance on-chain finance, prompting DeFi protocols to enhance security and governance. Experts recommend adopting zero-trust architecture, robust collateral frameworks, and auditable smart contracts—institutional-grade standards—to support more large-scale capital entering the sector.