CoinDesk reports that Jefferies analyst Andrew Moss warned the $293 million Kelp DAO exploit on April 18 — potentially linked to North Korea's Lazarus Group — may temporarily slow traditional financial institutions' blockchain and tokenization initiatives as they reassess cross-chain security risks. The attack, which exploited a single-validator bridge setup to mint unbacked tokens used as collateral, left lending protocol Aave with roughly $200 million in bad debt and triggered approximately $9 billion in DeFi outflows. Moss said the longer-term institutional interest in digital assets and stablecoins remains intact, but the "nascent" industry requires further infrastructure maturation before tokenization can scale safely.