Cryptocurrency20 Apr 2026SEO 801 min read

Analysis: The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack

Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline. Aave has seen $8.45…

Multiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline. Aave has seen $8.45 billion in deposits exit over 48 hours, driving a $13.21 billion slide in total value locked across decentralized finance platforms after attackers used stolen rsETH as collateral. The disruption stems from a $292 million exploit of Kelp’s bridge that left rsETH unbacked, prompting lending protocols to freeze affected markets and spurrin…

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