EPISODE · Apr 20, 2026 · 1H 4M
Kelp DAO Exploited, DeFi Over?
from The Modern Market Show · host The Modern Market Show
In this episode, we discuss the Kelp DAO exploit likely by North Korea's Lazarus Group and the $7B outflow from DeFi, Polymarket seeking a $400M raise at a $15B valuation, and the Strait of Hormuz closing again as a US naval blockade appears to seize a Chinese ship.00:00 Intro Music02:57 Introduction05:08 Crypto Headlines and Web3 Roundup06:15 Weekend Recap and Asteroid Meme Coin Mania12:29 Legend Trade Event Recap20:30 Bullish On IRL Brands And Real World Exposure22:56 Kelp DAO Exploit By Lazarus Group30:37 Rahim's Bank Heist Analogy For The Attack34:40 Institutional Capital Cannot Tolerate DeFi Risk38:33 Eric Voorhees On Honest Markets vs Coercive Ones42:33 AI Finding Exploits And The Anthropic Mythos Update46:20 Polymarket Raising $400M At $15B Valuation51:53 Prediction Markets And CFTC Capture54:48 Strait Of Hormuz Closed Again1:00:30 Iran Signals New Talks In Islamabad1:01:17 Closing Thoughts On AI Disruption And Risk OffDISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.
What this episode covers
In this episode, we discuss the Kelp DAO exploit likely by North Korea's Lazarus Group and the $7B outflow from DeFi, Polymarket seeking a $400M raise at a $15B valuation, and the Strait of Hormuz closing again as a US naval blockade appears to seize a Chinese ship.00:00 Intro Music02:57 Introduction05:08 Crypto Headlines and Web3 Roundup06:15 Weekend Recap and Asteroid Meme Coin Mania12:29 Legend Trade Event Recap20:30 Bullish On IRL Brands And Real World Exposure22:56 Kelp DAO Exploit By Lazarus Group30:37 Rahim's Bank Heist Analogy For The Attack34:40 Institutional Capital Cannot Tolerate DeFi Risk38:33 Eric Voorhees On Honest Markets vs Coercive Ones42:33 AI Finding Exploits And The Anthropic Mythos Update46:20 Polymarket Raising $400M At $15B Valuation51:53 Prediction Markets And CFTC Capture54:48 Strait Of Hormuz Closed Again1:00:30 Iran Signals New Talks In Islamabad1:01:17 Closing Thoughts On AI Disruption And Risk OffDISCLAIMER: The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.
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Kelp DAO Exploited, DeFi Over?
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