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KelpDAO $293M Hack: RPC Poisoning, Lazarus Group & DeFi's Blind Spot
Audio is available on Spreaker — see link below.
The largest DeFi hack of 2026 wasn't a smart contract failure — it was compromised infrastructure, and $10–13B left the ecosystem in response. Today's Ethereum briefing covers the KelpDAO exploit, ETH at $2,200, the CLARITY Act's Senate passage, and what every DeFi investor needs to rethink now.
Audio is available on Spreaker — see link below.
Two hundred and ninety-three million dollars is gone from KelpDAO, and the entry point wasn't a flawed smart contract. It was the plumbing underneath.
For years, the standard due diligence on a DeFi protocol started and ended with the smart contract audit. Get it reviewed, get a clean report, ship it.
Ethereum's price is sitting around two thousand two hundred dollars, down three point eight percent in the past twenty-four hours. The KelpDAO breach is part of that pressure, but not all of it.
Away from DeFi, there was a meaningful regulatory development. The Senate Banking Committee passed the CLARITY Act fifteen to nine, a bipartisan vote to establish a federal digital asset framework.
On adoption, the numbers crossed a notable threshold. Sixty-seven million Americans now hold crypto, roughly one in four adults.
Bitmine's pivot is worth a brief note here. The NYSE-listed firm is moving from aggressive Ethereum accumulation to staking yield optimization.
The two things worth watching most closely from here. First, whether the industry moves toward any consensus on minimum verification standards for bridge infrastructure.
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