According to The Block, since the KelpDAO cross-chain bridge attack in mid-April, the total value locked in DeFi has declined by approximately 14%, dropping from around $172 billion to $148 billion. The attacker exploited vulnerabilities in off-chain infrastructure to steal approximately $292 million, exposing new risks. Lockups in lending protocols fell the most, declining from around $53 billion to $40 billion, while liquidity restaking protocols also saw significant declines.
DeFi Total Value Locked Falls to $148 Billion Following KelpDAO Attack
AiCoinShare
Summary
DeFi exploit incidents have caused the total value locked (TVL) to drop to $148 billion, a 14% decline from $172 billion following the KelpDAO attack. Attackers stole $292 million by exploiting a vulnerability in the off-chain infrastructure, marking a major on-chain event. TVL in lending protocols fell from $53 billion to $40 billion, while restaking liquidity also declined sharply.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.