DeFi Investors Pull $14 Billion Following Cyberattacks

Reports cited by the Financial Times and DefiLlama indicate nearly $14 billion has been pulled from DeFi projects recently amid major thefts: North Korean-linked hackers reportedly stole $290 million from KelpDAO and used the funds as collateral to borrow $230 million on Aave, and earlier attackers siphoned $280 million from the Drift exchange.