The $292 million Kelp DAO exploit shows why crypto bridges are still one of the industry's weakest links

The $292 million exploit of Kelp DAO highlights ongoing vulnerabilities in cross-chain infrastructure, particularly decentralized bridges that manage large pools of user funds. The attack underscores how smart contract flaws in bridge protocols can trigger rapid capital loss, spurring risk repricing across decentralized finance platforms with similar architectures. Assets most exposed include tokens from projects relying on unproven bridge designs, especially those with high total value locked and limited audit coverage. The incident may dampen investor appetite for yield-generating, multi-chain protocols amid rising scrutiny of code security and governance controls. Traders will watch upcoming audit disclosures from major bridge providers like Wormhole and Stargate for signs of improved resilience.

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