Kelp DAO was hacked on April 18th, losing $293 million. The hacker dumped the stolen rsETH into $Aave, directly contaminating the liquidity pool. As a result, within 48 hours, the entire DeFi sector evaporated $13 billion, with Aave suffering the worst, net outflow of $9 billion, and TVL plummeting 33% to just $17.5 billion.

AAVE3.06%
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