Kelp DAO’s 292 million is just the beginning. When AI becomes hackers’ automated weaponry, a $20 billion drop in TVL is only the market voting with its feet.

CoinJie News reports that OpenZeppelin CEO Manuel Araoz warned that, with advances in AI technology, decentralized finance (DeFi) has become less secure. He said that coding agents have become “superhuman,” able to quickly identify vulnerabilities. According to DeFiLlama data, since the beginning of the year, DeFi’s total value locked (TVL) has fallen by more than $20 billion. While this partly reflects the overall weakness of the crypto market, the sector has also been hit by a series of attack incidents, continuously testing people’s confidence in on-chain finance. Araoz noted that over the past 365 days, losses from DeFi hacking incidents have exceeded $1.1 billion, including the $292 million Kelp DAO attack in April.