DeFi protocol Carrot becomes first casualty of $285M Drift exploit

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Carrot's sharp TVL drop after the Drift hack. Source: DefiLlama DefiLlama data also shows nearly $630 million worth of digital assets were stolen in April across 25 incidents, making it the month with the largest losses since February 2025, when $1.47 billion was stolen. The $293 million hack on liquid staking protocol Kelp is the largest exploit of 2026 so far. The Drift hack is close behind at $285 million. Together, these two attacks account for more than 90% of all crypto stolen in April. Magazine: AI-driven hacks could kill DeFi — unless projects act now

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