KelpDAO: Hit by $290M North Korea Hack | Flash News Detail | Blockchain.News
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4/22/2026 10:35:00 PM

KelpDAO: Hit by $290M North Korea Hack

KelpDAO: Hit by $290M North Korea Hack

KelpDAO suffers $290M attack linked to North Korea, sparking crypto security concerns amid Bitcoin market volatility and DeFi hack trends.

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Fintech expert Henri Arslanian spotlighted the massive $290M hack on KelpDAO, attributed to North Korea, in a tweet urging crypto insiders to dive into what we know so far via his linked analysis sponsored by @bronwallet. This breach echoes the rash of DeFi security breaches over the past six months, where state actors have ramped up crypto theft operations, hitting protocols hard and fueling broader crypto market crash fears especially as Bitcoin (BTC) navigates its own volatility waves.

Shifting to ETH's 4-hour chart, price action screams controlled bullish momentum with the token grinding at $2398.92, well above the EMA50 at $2329.33 acting as immediate support and the EMA200 at $2222.42 providing a deeper floor for any pullback. MACD's golden cross at 17.42 confirms buyers hold the edge, but with RSI at 63.95 edging neutral and price probing the upper Bollinger band resistance near $2420.15, expect a tactical retreat to that EMA50 level before bulls reload for a push higher, mirroring patterns seen in last quarter's ETH price predictions amid similar macro pressures.


Henri Arslanian

@HenriArslanian

Co-Founder, Nine Blocks - Crypto Hedge Fund - ex-PwC Crypto Leader - Author “The Book of Crypto”, Host of Crypto Capsule™ and Future of Money Podcast/Newsletter