DeFi Losses Surpass $600M as Kelp DAO Exploit Pushes TVL to One-Year Low
The Kelp DAO exploit on April 18, 2026, during which attackers minted 116,500 unbacked rsETH by poisoning a single LayerZero verifier node, has catalyzed greater than $600 million in sector-wide DeFi losses over latest weeks, with cumulative injury throughout protocols approaching $1 billion. The downstream impact is now seen on-chain: complete worth locked throughout DeFi…
