JPMorgan Says DeFi Exploits Still Block Institutional Adoption
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JPMorgan said persistent DeFi exploits and weak ETH-denominated TVL growth continue to limit institutional appeal.
The bank said the KelpDAO exploit wiped about $20 billion from DeFi TVL within days.
A BIS paper published the same day said large crypto service providers increasingly resemble financial intermediaries.
JPMorgan said repeated DeFi exploits and stagnant growth continue to curb institutional interest in the sector, with the latest KelpDAO breach reinforcing concerns about
The bank said the KelpDAO exploit wiped about $20 billion from DeFi TVL within days.
A BIS paper published the same day said large crypto service providers increasingly resemble financial intermediaries.
JPMorgan said repeated DeFi exploits and stagnant growth continue to curb institutional interest in the sector, with the latest KelpDAO breach reinforcing concerns about
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