Drift and Kelp DAO Exploits Drain $606M From DeFi in Under Three Weeks

DeFi lost more than $606 million across a dozen protocols in under three weeks, marking its worst month on record. Drift and Kelp DAO accounted for about 95% of the damage. Drift’s attack relied on social engineering and governance weaknesses, while Kelp DAO’s bridge exploit targeted off-chain infrastructure. The Kelp DAO breach later hit lending markets, leaving Aave with an estimated $246 million in bad debt and cutting total value locked by more than $13 billion over two days.

DRIFT18.61%
AAVE0.34%
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