Recent security incidents have collectively caused losses exceeding $600 million in the DeFi market. Among them, the Kelp DAO cross-chain bridge attack (~$292 million) further intensified the downturn, bringing the total value locked (TVL) in the industry down to approximately $82.4 billion—a ~25% drop from the ~$110 billion level at the start of 2026—with a single-day pullback of around 5.6%. The lending market has been hit the hardest, with TVL dropping by about 13%. Meanwhile, Aave froze rsETH to limit risk spread, but this also tightened liquidity in some stablecoin markets. The current loss allocation plan remains unclear, with disputes involving multiple parties like LayerZero and Kelp. Preliminary analysis suggests the attack is related to cross-chain verification configuration flaws, leaving the industry facing ongoing uncertainty. (The Block) https://(wublock123.com)/news/defi-losses-600m-in-3-weeks-kelp-event-drags-tvl-to-year-low-59841