DeFi losses top $600 million in weeks as Kelp DAO exploit drags TVL to one-year low

DeFi losses have exceeded $600 million in recent weeks due to the Kelp DAO exploit, causing total value locked (TVL) to drop to a one-year low. Kelp DAO, Aave, and LayerZero are disputing responsibility for the incident, leaving the distribution of losses unresolved.