DeFiApr 18, 2026
Kelp Restaking Exploited: $293M Drained, Spreading Contagion Across Protocols
Bearish3 min read
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Latest Crypto News
AI-curated updates from global P2P markets.
AI-curated updates from global P2P markets.
A massive exploit on the Kelp restaking platform has resulted in a $293 million loss, triggering a contagion effect across at least nine other crypto protocols. This significant security breach directly impacts the perceived stability of DeFi protocols, which can influence investor confidence and, consequently, P2P trading volumes and spreads.
Wrapped XRP has officially launched on the Solana network, enabling XRP holders to interact with Solana's DeFi ecosystem without liquidating their holdings. This development could indirectly influence P2P trading by potentially increasing demand for XRP and its wrapped versions.
A prominent figure argues the Lightning Network is not fundamentally broken, proposing solutions to recent quantum computing concerns. This could impact the long-term viability and adoption of Bitcoin's scaling solution, indirectly affecting stablecoin demand on P2P platforms.