The War Room Notes: Running Katana Through DeFi’s Worst Week Since FTX

By Matthew Fisher, CEO, Katana “DeFi is not dead. DeFi is United.” is the rallying cry following the resolution of the $292 million Kelp exploit on April 19 that renewed the spotlight on DeFi’s most seasoned enemy: Lazarus Group, whose estimated 2025 earnings of $1.5bn account for a few percent of North Korea’s GDP. AI
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