DeFi Survives KelpDAO Exploit as $13 Billion TVL Drop Masks Real Damage
KelpDAO's $292M exploit and a $13B DeFi TVL plunge look catastrophic, but much of the decline reflects leveraged positions unwinding rather than actual
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Nuri Soytürk has been active in the cryptocurrency sector for more than seven years. Across platforms such as Binance Square, CoinMarketCap, and X, he has built an audience of tens of thousands of followers through crypto content, market commentary, and community-focused publishing. He is a contributing writer at Investing.com, one of the world's leading financial news and analysis platforms, and the founder of BilgiKripto.com, an independent Turkish-language crypto news publication. As Founder and Editor-in-Chief of CoinMindAI, his goal is to help a global audience follow the crypto industry with clearer, more accessible, and more informative coverage.
KelpDAO's $292M exploit and a $13B DeFi TVL plunge look catastrophic, but much of the decline reflects leveraged positions unwinding rather than actual
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