DeFiBearishCoinDesk · Apr 207/10
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The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack
A cascade of liquidations triggered by the KelpDAO attack resulted in $13 billion in Total Value Locked (TVL) departures from DeFi lending and yield protocols within two days. Despite the massive capital flight, token prices remained relatively stable, suggesting the selloff was largely automated liquidations rather than panic-driven retail exits.
