The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is broken again. It is also probably the laziest.

The KelpDAO exploit over the weekend was serious. It appears to have started with a targeted attack on infrastructure used in LayerZero's verification stack, not a smart contract bug as commonly seen in other exploits. LayerZero has preliminarily linked the incident to North Korea's Lazarus Group, and s