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Kelp DAO's $292M Exploit Exposes DeFi Security Gaps as Institutions Push Onchain
Kelp DAO’s $292 million exploit exposed weak points in DeFi as traditional finance firms increased their onchain activity. The article linked that backdrop to Apollo Global Management’s partnership with Morpho and BlackRock bringing its tokenized money market fund to Uniswap. Industry executives said the incident is unlikely to stop institutional adoption, but they argued that stronger governance, security controls and reliable liquidity are needed before larger pools of capital can move in.