Jefferies Report: KelpDAO Hacker Incident Could Slow Wall Street’s Interest in Blockchain
TechFlame
2026-04-22 10:55
TechFlame2026-04-22 10:55
English
TechFlame News: According to a report by Bloomberg citing Jefferies, a weekend hack targeting a small crypto project that involved nearly $300 million, followed by a massive $10 billion run on the largest decentralized lending platform (the KelpDAO and Aave incident), may dampen Wall Street's interest in blockchain technology.
Andrew Moss, an analyst on Jefferies' digital asset research team, pointed out that over the past year, banks, asset management firms, and payment institutions have been developing blockchain products similar to the technical systems exploited by North Korean hackers in this attack. The report suggests that while such incidents are unlikely to directly impact traditional financial markets, it warns that traditional financial institutions may pause their related initiatives and reassess risks before advancing further into blockchain operations.