It’s just barely been a week since the Hyperbridge exploit, where attackers minted over 1 billion fake bridged $DOT on eth and walked away with roughly $237k Now, @KelpDAO has suffered one of the largest DeFi hacks of the year, with attackers draining approx $292M in rsETH through a vulnerability in its LayerZero powered bridge That’s already over $600M in major exploits in April alone when $285 million from @DriftProtocol hack is added This year alone, DeFi losses have surged past $700M January: > StepFinance lost approx $27–40M due to private key compromise of treasury wallets > Truebit lost approx $26M due to smart contract bug in old minting contract allowing cheap TRU minting and drain February: > IoTeX (bridge) lost approx $4.3M due to private key compromise on bridge contract, similar to stepfinance exploit March: > ResolvLabs exploited by approx $25M+ through minting vulnerability allowing unbacked stablecoin creation, leading to $USR depeg > SolvProtocol lost approx $2.7M through vault contract logic flaw not all are mentioned, but April alone is accounting for the biggest amount exploited in DeFi history This is starting to feel like a dangerous trend. crosschain bridges, restaking derivatives, and interconnected lending protocols are repeatedly proving to be weak points Is this the beginning of the end for DeFi as we know it or is something else at play?