North Korea's DeFi Hack: Why Even Safe Platforms Got Hit

$578 million. Gone. In 18 days. Two of the biggest DeFi protocols in the world got drained. One on Solana. One on Ethereum. Both household names. Both considered among the safest in the space. And if you were just trying to earn a boring 4% yield on stables, you got caught in the blast radius of a protocol you never used, on a chain you don't touch. North Korea didn't break the code. They broke the people running it. This is Part 1 of the DeFi Hacks series: what actually happened at Drift and Kelp, why Ethereum's institutional narrative just took the biggest L of the cycle, and whether the yield math still makes sense for retail. Timestamps 0:00 - $578M Gone in 18 Days. Are We Next? 0:42 - The Magnitude: Drift + Kelp 2:05 - The Institutional Chain Took the L 3:24 - Tale of Two Foundations (Solana STRIDE vs Ethereum) 4:33 - The New Frontier: Attackers Moved On From Code 5:36 - The Yield Math: Investor or Donor? 7:12 - Speed Bump or Top Signal?