‘Retail DeFi Is Dead’—Or Is It? Inside The $300 Million Civil War

Aave, the largest lending protocol in decentralized finance, is carrying millions in bad debt this week, the fallout from a roughly $293 million KelpDAO bridge exploit that dumped unbacked rsETH collateral into Aave's wETH market. The KelpDAO attack is 2026's biggest DeFi hack so far, edging out …