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KelpDAO hack, massive ramifications across DeFi
Published 2 months, 3 weeks ago
Description
The KelpDAO hack has had massive ramifications across the entire DeFi ecosystem, affecting many protocols with essentially a run on the bank as they try to get their liquidity out.
0:00 Intro
0:45 KelpDAO Hack Fallout
1:45 Aave Bank Run
3:05 LayerZero Explained
4:35 DVN Security Flaw
6:05 Broader Protocol Risk
7:45 Cardano Bridge Difference
9:10 DeFi Looping Risk
12:58 Wrap Up
What you’ll learn:
• The KelpDAO hack has had massive ramifications across the entire DeFi ecosystem, affecting so many protocols with essentially what's a run…
• I'm going to go through the details here of what actually happened and why all these protocols seem to be falling over and all this TVL, th…
• If it's your first time here, hit that thumbs up, like, subscribe, notification bell.
• I talk all things crypto in this space here, and I'll try to keep you guys up to date with everything.
• And this is the probably not the biggest hack this year, but it's had the biggest ramifications.
• KelpDAO was hacked, had 293.7 stolen in an attack by an entity believed to be the Lazarus Group that's linked to North Korea.
References:
• x.com — https://x.com/astroboysoup/status/2043332063026393325
• x.com — https://x.com/Oraclecharli3/status/2043495472938053744
• x.com — https://x.com/NuvolaDigital/status/1842233465489489933
• x.com — https://x.com/NuvolaDigital/status/2043361539294634493
• Charli3 Docs - Technical Guide of Oracle Integration — https://docs.charli3.io/partner-chains
📧 All my links - https://linktr.ee/peterbui
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Coinstash AU - https://coinstash.com.au/?a=8kkvypm3
✅Check out more Cardano news and updates:
🔗 https://www.youtube.com/watch?v=4AYY96JB3J8&list=PL2fWPJCv7fcDl1J7cw3nlYkwV7aWIm3RW&index=2
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DRep ID: drep1yftc8zs7gjcj4a9nxzplz4wg6cwweya0kxp8adnw59vsyrqvrysud
DRep ID (legacy): drep127pc58jyky40fvess0c4tjxkrnkf8ta3sfltvm4ptypqc5fgav3
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Thanks for your support! 🙌🎉
===
DISCLAIMER:
This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received.
I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing.
Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.
🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k
===
Subscribe to the audio podcast:
🔗 https://bit.ly/learncardano-spotify
🔗 https://apple.co/3jEPM8C
🔗 https://learncardano.io/
Follow on Social:
🔗 https://x.com/learncardano
🔗 https://facebook.com/learncardano
#cardano #ada #blockchain
Key Takeaways:
- The KelpDAO ha
0:00 Intro
0:45 KelpDAO Hack Fallout
1:45 Aave Bank Run
3:05 LayerZero Explained
4:35 DVN Security Flaw
6:05 Broader Protocol Risk
7:45 Cardano Bridge Difference
9:10 DeFi Looping Risk
12:58 Wrap Up
What you’ll learn:
• The KelpDAO hack has had massive ramifications across the entire DeFi ecosystem, affecting so many protocols with essentially what's a run…
• I'm going to go through the details here of what actually happened and why all these protocols seem to be falling over and all this TVL, th…
• If it's your first time here, hit that thumbs up, like, subscribe, notification bell.
• I talk all things crypto in this space here, and I'll try to keep you guys up to date with everything.
• And this is the probably not the biggest hack this year, but it's had the biggest ramifications.
• KelpDAO was hacked, had 293.7 stolen in an attack by an entity believed to be the Lazarus Group that's linked to North Korea.
References:
• x.com — https://x.com/astroboysoup/status/2043332063026393325
• x.com — https://x.com/Oraclecharli3/status/2043495472938053744
• x.com — https://x.com/NuvolaDigital/status/1842233465489489933
• x.com — https://x.com/NuvolaDigital/status/2043361539294634493
• Charli3 Docs - Technical Guide of Oracle Integration — https://docs.charli3.io/partner-chains
📧 All my links - https://linktr.ee/peterbui
📈💰📊 Referral links
Kraken - https://invite.kraken.com/JDNW/upu8x0wd
MEXC - https://promote.mexc.com/r/5MeeANzv
OKX - https://app.okx.com/join/55085949
Coinstash AU - https://coinstash.com.au/?a=8kkvypm3
✅Check out more Cardano news and updates:
🔗 https://www.youtube.com/watch?v=4AYY96JB3J8&list=PL2fWPJCv7fcDl1J7cw3nlYkwV7aWIm3RW&index=2
💰 Support the channel 💰
🔒 Get a hardware wallet! 🔒
🔗 https://learncardano.io/keystone 💳
🔗 https://learncardano.io/ledger
☕ BUY ME A COFFEE ☕
🔗 https://buymeacoffee.com/learncardano
Delegate to Our Stake Pool
Search for the pool ticker ADAOZ
🔗 https://cardanode.com.au
🗳️ Tutorial: https://learncardano.io/how-to-delegate-drep-eternl-wallet-mobile/
DRep ID: drep1yftc8zs7gjcj4a9nxzplz4wg6cwweya0kxp8adnw59vsyrqvrysud
DRep ID (legacy): drep127pc58jyky40fvess0c4tjxkrnkf8ta3sfltvm4ptypqc5fgav3
🚀 Become a Member!!! Join this channel to get access to awesome perks! 🌟
🔗 https://www.youtube.com/channel/UCj-_2e7L2UgHaJLrGEOJRzA/join
Members get:
🕒 Early access to all content
🎥 Exclusive members-only videos
Thanks for your support! 🙌🎉
===
DISCLAIMER:
This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received.
I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing.
Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.
🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k
===
Subscribe to the audio podcast:
🔗 https://bit.ly/learncardano-spotify
🔗 https://apple.co/3jEPM8C
🔗 https://learncardano.io/
Follow on Social:
🔗 https://x.com/learncardano
🔗 https://facebook.com/learncardano
#cardano #ada #blockchain
Key Takeaways:
- The KelpDAO ha