Crypto's massive exploit may force big banks to rethink their blockchain plans, Jefferies warns

Crypto's massive exploit may force big banks to rethink their blockchain plans, Jefferies warns

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto's massive exploit may force big banks to rethink their blockchain plans, Jefferies warnsThe $293 million Kelp DAO exploit has exposed critical infrastructure risks, leading Jefferies to suggest that traditional financial firms may pause their blockchain initiatives to prioritize security.By Helene Braun, AI Boost|Edited by Aoyon Ashraf Apr 21, 2026, 6:25 p.m. Make preferred on Wall Street (Shutterstock)What to know: A $293 million exploit of Kelp DAO, linked to North Korea’s Lazarus Group, has shaken DeFi markets and could prompt Wall Street firms to reassess the pace of their blockchain and tokenization projects.The attack exposed critical vulnerabilities in cross-chain bridges and single-validator setups, leaving platforms like

Source: https://www.coindesk.com/business/2026/04/21/crypto-s-massive-exploit-may-force-big-banks-to-rethink-their-blockchain-plans-jefferies-warns