Mike Silagadze, CEO of ether.fi, has pledged 5,000 ETH to the Kelp Recovery Fund. This commitment aims to address the fallout from the Kelp hacker incident, which Silagadze fears could lead to a systemic collapse in the decentralized finance (DeFi) sector. The announcement was made via a post on X, highlighting the urgency and potential impact of the situation on the broader DeFi ecosystem.
Mike Silagadze Commits 5,000 ETH to Kelp Recovery Fund
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