Fallout From Hack Still Playing Out in DeFi Ecosystem -- Market Talk

Dow Jones04-24 23:27

1127 ET - Last weekend's exploit of KelpDAO to drain the DeFi platform out of roughly $290 million-worth of rsETH is still being felt within the entire decentralized finance ecosystem, says Galaxy Research in a note. "Five days after the event, the fallout is still playing out," the firm says. Aggressive leverage on the loans collateralized with rsETH means that the shock, once fully felt, may cause billions in liquidations, Galaxy says. But the market remains unsure of how severe the longer-term complications are for DeFi and where the shockwave ends. "The complexity of fully resolving the ongoing situation should not be underestimated," the firm says. "A comprehensive solution has yet to materialize, in part because it requires coordination across multiple actors with conflicting interests." (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 11:27 ET (15:27 GMT)

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Aggressive leverage on the loans collateralized with rsETH means that the shock, once fully felt, may cause billions in liquidations, Galaxy says. But the market remains unsure of how severe the longer-term complications are for DeFi and where the shockwave ends. \"The complexity of fully resolving the ongoing situation should not be underestimated,\" the firm says. \"A comprehensive solution has yet to materialize, in part because it requires coordination across multiple actors with conflicting interests.\" (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2026 11:27 ET (15:27 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629582375","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629582375","pubTimestamp":1777044420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1127 ET - Last weekend's exploit of KelpDAO to drain the DeFi platform out of roughly $290 million-worth of rsETH is still being felt within the entire decentralized finance ecosystem, says Galaxy Research in a note. \"Five days after the event, the fallout is still playing out,\" the firm says. 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