Existing code is working, but is blocking the thread.
.Select(async ev => await ProcessEventAsync(ev))
creates a new Task for every event, but
.Select(t => t.Result)
blocks the thread waiting for each new task to end.
In the other hand your code produce the same result but keeps asynchronous.
Just one comment on your first code. This line
var tasks = await Task.WhenAll(events...
will produce a single Task<TResult[]> so the variable should be named in singular.
Finally your last code make the same but is more succinct.
For reference: Task.Wait / Task.WhenAll