DeFi hack shakes Wall Street confidence

According to Bloomberg, the 300M exploit of KelpDAO is hitting more than just crypto it s cooling institutional sentiment.
Since the attack, capital outflows have surged to 16.2B, with total deposits dropping from 45.8B to 29.6B.
Analysts at Jefferies warn this could slow Wall Street s push into blockchain and tokenization.
The timing matters: giants like BlackRock, Franklin Templeton, and Apollo Global Management are expanding into crypto.
The deeper TradFi goes on-chain, the more damaging each hack becomes for trust in the system.