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Markets
Traders Doubt Kelp's Plans to Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share $292 Million Exploit Losses
Markets are indicating a low probability that Kelp DAO will spread the financial burden of the recent $292 million exploit beyond those directly impacted. According to a Polymarket contract, bettors give only a 14% chance that Kelp will implement a mechanism to 'socialize the losses', which would involve forcing rsETH holders on unaffected chains, like Ethereum, to share the financial pain with u…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Compensate for $292 Million Loss
None
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share $292 Million Exploit Losses Across Users
According to a recent Polymarket prediction, it's improbable that Kelp DAO will distribute the losses from the recent $292 million exploit beyond those directly impacted. The prediction, which gives a 14% chance of such an event, reflects the skepticism of bettors regarding the likelihood of Kelp "socializing the losses" by forcing rsETH holders on Ethereum, which was not affected, to share the f…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Absorb Losses Following $292 Million Exploit
None
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share $292 Million Exploit Losses
A recent Polymarket prediction suggests that Kelp DAO is unlikely to spread the losses from the $292 million exploit beyond those directly impacted. Bettors are giving this scenario a 14% chance, indicating skepticism about the implementation of a mechanism that would force rsETH holders on Ethereum to share the losses with users on other chains. The exploit resulted in the drainage of approximat…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Distribute Losses Following $292 Million Exploit
The likelihood of Kelp DAO spreading the losses from the recent $292 million exploit across all users is low, according to Polymarket predictions, which give a 14% chance of such an event. This comes after attackers drained approximately 116,500 rsETH from a bridge supporting the token across over 20 blockchains, resulting in parts of the system becoming undercollateralized. The concept of 'socia…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share $292 Million Exploit Losses Across the Board
Traders on Polymarket are betting against Kelp spreading the losses from the $292 million exploit to all rsETH holders, with only a 14% chance of such an outcome. The exploit, which drained approximately 116,500 rsETH from a LayerZero-powered bridge supporting over 20 blockchains, has left parts of the system undercollateralized. The concept of 'socializing the losses' implies that Kelp would red…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share $292 Million Losses with Unaffected Users
The likelihood of Kelp DAO spreading the financial burden of its recent $292 million exploit to unaffected users appears low, according to a Polymarket contract. Bettors have given this scenario a mere 14% chance, suggesting that the protocol will not force rsETH holders on Ethereum, which was not impacted, to share the financial pain with users on other chains. The exploit resulted in the theft …
April 22, 2026, 9:25 a.m.