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Wrapped Bitcoin upgrades security after $293M KelpDAO exploit to protect DeFi ecosystem.

Market News
25 Apr 2026
AMBCrypto
View Source
Neutral
pluang ai news

Wrapped Bitcoin (wBTC) is enhancing its cross-chain security by upgrading its decentralized verification network (DVN) to a multi-signature system following the $293 million exploit of KelpDAO via a DVN vulnerability. This upgrade aims to prevent similar attacks that could impact the broader DeFi ecosystem, where wBTC holds a significant $9.2 billion market supply and 180,000 holders, including major exchanges. The project has temporarily paused transfers across LayerZero to ensure safety. Despite broader DeFi outflows, wBTC has shown resilience with net inflows since the KelpDAO incident, underscoring its critical role in DeFi security and liquidity.

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