Dossier
SparkLend
Coverage of SparkLend in the Nexus archive.
- $292M Gone. KelpDAO Hacked, Aave Nearly Dragged Down With It. Can You Still Trust DeFi?
KelpDAO's cross-chain bridge was exploited for $292 million via a fake LayerZero message, with stolen rsETH used to borrow $236M on Aave. The attack triggered panic pauses across DeFi platforms and highlighted a surge in crypto hacks, with $606M lost in April alone.