Kelp exploit highlights DeFi single point of failure

The recent Kelp exploit, resulting in a $292 million loss, underscores significant vulnerabilities within decentralized finance (DeFi). This incident serves as a stark reminder of how a single point of failure can trigger cascading effects across interconnected systems. Experts suggest 2026 may be a record year for DeFi hacks, emphasizing the urgent need for enhanced security measures and more robust infrastructure to prevent future exploits and protect user assets.