DeFi Suffers $606 Million in Losses in April; Drift, Kelp DAO Account for 95%

DeFi protocols experienced significant losses totaling $606 million in April, with 12 protocols targeted in attacks spanning less than three weeks. Drift and Kelp DAO accounted for the majority of the damage, with losses of $285 million and $292 million respectively, representing approximately 95% of the total losses.

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