Multiple DeFi lending protocols experienced double-digit TVL declines in the past 48 hours, totaling $13 billion. The collapse began with a KelpDAO attack, triggering a cascading effect across the DeFi ecosystem. Aave alone saw $8.45 billion in deposits exit, highlighting systemic risk within the decentralized finance space. This event raises concerns about the fragility of DeFi and the need for enhanced security measures.