A $292 million KelpDAO bridge exploit triggered a $13.21 billion drop in DeFi total value locked over the past 48 hours. DefiLlama data shows Aave lost $8.45 billion in deposits over the same period, while total DeFi TVL fell from $99.497 billion to $86.286 billion. The exploit let attackers use stolen rsETH as collateral to borrow on lending platforms, prompting market freezes and user withdrawals.