The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack

The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailThe $13 billion DeFi wipeout in two days, and it started with KelpDAO attackMultiple lending and yield protocols are posting double-digit percentage declines in TVL, though token prices are seeing a limited decline. By Sam Reynolds|Edited by Omkar Godbole Apr 20, 2026, 4:51 a.m. Make preferred on What to know: Aave has seen $8.45 billion in deposits exit over 48 hours, driving a $13.21 billion slide in total value locked across decentralized finance platforms after attackers used stolen rsETH as collateral.The disruption stems from a $292 million exploit of Kelp’s bridge that left rsETH unbacked, prompting lending protocols to freeze affected markets and spurring widespread user withdrawals.While deposits have fallen sharply, major DeFi

Source: https://www.coindesk.com/markets/2026/04/20/defi-tvl-drops-more-than-usd13-billion-in-two-days-following-kelp-dao-hack