BlockBeats News, April 19th: Today, following the KelpDAO hack incident which resulted in Aave suffering a loss of approximately $177 million to $200 million, a significant number of whales withdrew funds from Aave for precautionary purposes.
According to Defillama data, affected by this event, Aave’s TVL has continued to decline from around $220 billion this morning to approximately $207 billion now, representing a drop of about 21.6% from yesterday’s around $264 billion.
