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DeFi Confidence Cracks After KelpDAO Exploit as Aave Suffers 44% Monthly Drop

DeFi Confidence Cracks After KelpDAO Exploit as Aave Suffers 44% Monthly Drop


Bitcoin.com
2026-05-17 17:30:52

Since the $292 million KelpDAO incident, decentralized finance has endured a brutal stretch, with fallout spreading well beyond the initial exploit. Lending protocol Aave has been among the hardest hit, as its total value locked has fallen 44% during a month that exposed just how fragile confidence across the DeFi sector can become after a


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