The bull market for hackers is making DeFi risks and rewards totally disproportionate This isn’t Kelp’s first mishap. Last April, a contract vulnerability led to over-minting, though no user losses occurred. But this time, it’s a bloodbath—marking the biggest DeFi hack of the year (even bigger than Drift’s $285M). AAVE quickly froze the rsETH market, but let’s be real—nobody wants to take such huge risks for just a few percentage points of interest. AAVE’s TVL dropped by $3 billion today. This response is barely passable, but rebuilding trust in DeFi is going to take a long time.