Aave’s total value locked fell further to about $18 billion, down 31.7% from roughly $26.4 billion before the KelpDAO security incident, as large whales withdrew funds for risk avoidance on April 20. The latest update adds that the fallout from the hack left an estimated $177 million to $200 million in bad debt, worsening concerns already reflected in earlier large outflows across DeFi lending platforms. The new figures show Aave’s decline extended beyond the initially reported drop to $21.966 billion, indicating continued stress after the incident.