logo

Jefferies Report: The KelpDAO hacking incident may dampen Wall Street's interest in blockchain

By: rootdata|2026/04/22 19:42:02
0
Share
copy
AAVEAAVE
--

According to a Bloomberg report citing Jefferies, a hacker attack on small crypto projects over the weekend, involving nearly $300 million, and the subsequent $10 billion fund run at the largest decentralized lending platform (the KelpDAO and Aave incident), may weaken Wall Street's interest in blockchain technology.

Andrew Moss, an analyst at Jefferies' digital asset research team, pointed out that over the past year, banks, asset management companies, and payment institutions have been developing blockchain products similar to the technology system exploited by North Korean hackers. The report suggests that while such incidents are unlikely to directly impact traditional financial markets, it warns that traditional financial institutions may pause related processes and reassess risks before further advancing blockchain business.

-- Price

--

You may also like

High ETH BTC Price Ratio: What It Means for Traders in 2026

Explore why the eth btc price ratio just hit a 10-week high in April 2026. We analyze the massive ETH ETP inflows and what this historic pivot means for your trading strategy this year. Is Ethereum finally ready to outpace Bitcoin?

What Is the New York Lawsuit Against Coinbase? Is Your Crypto Safe After the April 2026 Case

Wondering why New York sued Coinbase and Gemini in April 2026? Here's what the lawsuit means, whether your crypto funds are safe right now, and what could change for crypto users next.

Finally, Polymarket is teaming up with Kalshi to take a bite out of this cake

The two giants in the prediction market are expected to successively announce the expansion of perpetual contract products in the short term. This not only expands their product and revenue boundaries and supports the continuously rising financing and valuation but also responds to the potential thr...

ENI officially announces the completion of its strategic brand upgrade: advancing from a foundational protocol to a global institutional-level financial new infrastructure

ENI has announced a comprehensive brand upgrade, officially transitioning from a foundational public chain to an "Enterprise Blockchain as a Service (BaaS) platform," dedicated to building a global bridge connecting traditional finance and Web3.

The person who brings Web3 closest to AI

If not liquidated, the AI project he invested in has now reached a valuation of several billion dollars.

MYX Case Analysis: The Complete Harvesting Tactics Behind the Fake Surge of Cryptocurrency Tokens

MYX Case Analysis: The Complete Harvesting Tactics Behind the Fake Surge of Cryptocurrency Tokens
The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

21:42

Data: ETH total network contract open interest increased by 6.47% in 24 hours

According to Coinglass data, the total contract open interest for ETH has increased by 6.47% in the past 24 hours, with the current total open interest at $32.929 billion. Among them, Binance's open interest is $7.515 billion, OKX's open interest is $1.868 billion, Bybit's open interest is $2.244 bi...
21:42

Reuters survey: The Federal Reserve is expected to cut interest rates at least once this year, supported by 71 economists

According to Jinshi reports, a Reuters survey shows that among 103 economists, 71 expect the Federal Reserve to cut interest rates at least once this year.
21:42

Kraken calls on the U.S. Congress to promote a tax exemption policy for a minimum amount of cryptocurrency taxes and to allow for the timing of tax payments on staking rewards

According to CoinDesk, Kraken stated that it has submitted 56 million cryptocurrency transaction tax forms to the IRS for the 2025 tax year, of which approximately 18.5 million correspond to amounts below $1, 74% are below $50, and only 8.5% exceed $600.Kraken pointed out that the lack of a minimum ...
21:42

Infinite launches bank account services for integrated fiat and stablecoin transfers, supported by Erebor Bank

According to The Block, B2B stablecoin technology provider Infinite has launched Infinite Accounts, offering banking account services for businesses that support deposits, withdrawals, ACH, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain transfers, all...
21:42

Data: The current whale position on the Hyperliquid platform is 3.608 billion USD, with a long-short position ratio of 1.03

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.608 billion, with long positions at $1.832 billion, accounting for 50.78% of the holdings, and short positions at $1.776 billion, accounting for 49.22%. The profit and loss for long positions is $24.5233...
HYPEHYPE
--
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com