$13B Exits DeFi in 48 Hours After Kelp DAO's Exploit | CoinDesk Daily
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CoinDesk
4.7 • 698 Ratings
🗓️ 20 April 2026
⏱️ 1 minutes
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| 0:00.0 | The biggest defy exploit of 2026 just wiped out $13 billion. |
| 0:09.4 | A $292 million attack on Kelp Dow's cross-chain bridge has wiped out more than $13 billion from defy in 48 hours. |
| 0:17.8 | Layer Zero is attributing the exploit to North Korea's Lazarus Group, blaming Kelp's |
| 0:21.8 | single verifier set up. Avey took the biggest hit, losing almost $8.5 billion in deposits. |
| 0:28.7 | Michael Saylor's strategy wants to pay STRC preferred shareholders twice a month instead of once. |
| 0:34.6 | The 11.5% annualized rate doesn't change, but the payouts would split into |
| 0:39.1 | roughly two-week intervals. The goal is to keep STRC's price closer to its $100 par value, |
| 0:44.8 | because when it drops below, strategy can't use its at-the-market program to fund Bitcoin purchases. |
| 0:50.1 | If shareholders approve the change in June, STRC would become the only semi-monthly preferred stock in the U.S. market. |
| 0:57.1 | And Tom Lee's Bitmine now holds 4.87 million ether worth $10.7 billion |
| 1:02.2 | after scooping up another 71,500 eath last week. |
| 1:06.9 | Lee is calling Ether the wartime store value, |
| 1:09.3 | pointing to each 17% gain since the Iran conflict began seven weeks ago. |
| 1:14.1 | Bitmine is 81% of the way to its goal of owning 5% of all ether. |
| 1:19.5 | Get more updates on CoinDesk.com. |
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