[DeFi TVL Has Dropped Approximately 14% Since the KelpDAO Attack Incident] According to The Block, since the mid-April KelpDAO cross-chain bridge attack incident, the total value locked (TVL) in DeFi has dropped by approximately 14%, from around $172 billion to $148 billion. The attackers exploited vulnerabilities in off-chain infrastructure rather than smart contract vulnerabilities, stealing approximately $292 million and exposing new infrastructure risks. Capital outflows have persisted for over five weeks, indicating that investors are broadly withdrawing marginal capital rather than targeting only the specific protocol that was attacked. Lending, as the largest DeFi category, saw its TVL drop from around $53 billion to $40 billion, marking the largest decline. Liquidity re-staking protocols have also experienced significant decreases. The KelpDAO attack highlights that as smart contract security improves, off-chain infrastructure is becoming a more exploitable attack surface.