DeFi Losses Top $600 Million Amid Kelp DAO Exploit and TVL Decline
Source: Weex
Published:
<p>The Kelp DAO incident on April 18, 2026, laid bare vulnerabilities in DeFi infrastructure, resulting in over $600 million in losses. These losses stemmed from a targeted attack that minted 116,500 unbacked rsETH due to a compromised LayerZero verifier node . Security firm Halborn had previously h