May 16
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Imagine waking up to discover millions of dollars in assets essentially materialized out of thin air. This breakdown exposes the stark reality of the recent exploit where attackers bypassed security not by breaking smart contracts, but by exploiting flawed verification logic. It is a masterclass in how composability in decentralized finance acts as a double-edged sword. The analysis dives into why specific protocols remain vulnerable, how bridge failures can trigger catastrophic market reactions, and the critical lessons every user needs to understand to protect their holdings before the next major incident unfolds. #hack #kelpdao #crypto #northkorea #DeFi #CryptoSecurity #BlockchainExploit #SmartContracts #CryptoNews #FinancialTech #Ethereum #33Kate