DeFi TVL drops 39% in 2026 amid market downturn and record hack activity
DeFi TVL fell 39% in 2026 as a broader market downturn and fallout from major exploits, including the Kelp DAO hack, weighed on the sector.
Crypto News·

Kelp DAO hacker laundered about $220M in unfrozen funds through privacy channels, leaving roughly $1.7M in original wallets.
Read full articleDeFi TVL fell 39% in 2026 as a broader market downturn and fallout from major exploits, including the Kelp DAO hack, weighed on the sector.
The attacker moved 2,000 ETH through Tornado Cash and sold 1,422 ETH for $2.4M in DAI, with just 5 ETH left in their wallet.
The Texas Parks and Wildlife Department (TPWD) suffered a massive data breach after a hacker cracked the vendor system that sells hunting and fishing licenses. In a new notification, TPWD acknowledges the hacker “may have” obtained driver’s license information, passport numbers, email addresses, phone numbers and residential addresses from more than 3 million customers. The […] The post Hacker Strikes Texas Government Department, Stealing Personal Data From 3,000,000 People – Driver’s License and Passport Info Exposed appeared first on The Daily Hodl.
An exploit of the Secret Network went undiscovered for a week as the hacker moved the loot into Ethereum and then to exchanges.
The breach highlights the critical need for robust off-chain security measures to prevent massive financial losses and market instability. The post Humanity Protocol hacker mints 100M $H tokens on BSC as selling pressure mounts appeared first on Crypto Briefing.
The hacker's ETH purchase highlights ongoing vulnerabilities in DeFi, signaling potential market volatility and the need for improved security. The post Pando Rings hacker buys 6,243 ETH for $10M amid market dip appeared first on Crypto Briefing.
Chainlink's CCIP drew over $1.1 billion in token value this week as Virtuals Protocol, Pleasing Market, and Zest Protocol joined a migration wave that has now moved nearly $5 billion in total value away from LayerZero since April's Kelp DAO exploit.
On-chain traces show the DPRK-linked attacker behind April's $292 million bridge exploit has pushed the unfrozen ~$220 million through THORChain, Wasabi, Tornado Cash, and Umbra, leaving roughly $1.7 million still sitting in the original wallet.