The latest Lazarus Group-led DeFi exploit set off a $13 billion exodus from DeFi platforms, and we cover the spiciest talk on Bitcoin and quantum computing at OPNEXT.
Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin.
Welcome back to The Blockspace Podcast! Today, Jay Patel, the CEO of Lygos Finance, and Aydin Kilic, CEO of HIVE Digital, join us to respectively discuss risk in crypto credit markets and Hive’s latest $100M senior note. For news, we break down the $293 million Kelp DAO hack by the Lazarus Group and the $13 billion ripple effect this had on other DeFi platforms like Aave. Plus, we give a recap of one of the most salient talks at Blockspace’s OPNEXT conference and break down NYDIG’s incipient deal to purchase an aluminum smelting site from Alcoa that has been dormant since 2014.
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Notes:
• $13.8 billion unwound from DeFi in 48 hours.
• Kelp DAO exploit led to $293 million loss.
• Aave protocol facing $195 million in bad debt.
• Bitcoin rallied back above the $75,000 level.
• NYDIG eyes Alcoa smelting site for BTC mining
Timestamps
00:00 Start
03:26 DeFi is NOT ok
13:58 Jay Patel, Lygos Finance
34:31 Aydin Kilic, HIVE
58:46 OPNEXT recap
1:11:33 NYDIG to buy defunct aluminium smelter
1:14:09 Strategy buying more BTC
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