KelpDAO’s $292M exploit rattled DeFi as Aave lost $11.6B in TVL and 31 out of 50 top protocols posted declines this month.

Two April hacks netted North Korea-linked groups $600M from Drift Protocol and Kelp DAO. Experts say AI accelerated the attacks. Aave lost $9B in deposits in two days.

KelpDAO’s $292M exploit rattled DeFi as Aave lost $11.6B in TVL and 31 out of 50 top protocols posted declines this month.