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Traders Doubt Kelp Will Share $292 Million Exploit Losses
A Polymarket prediction market indicates that traders believe Kelp DAO is unlikely to spread the losses from the recent $292 million exploit to unaffected users. The contract gives a 14% chance that Kelp will implement a loss socialization mechanism, forcing rsETH holders on Ethereum to share the burden with users on other chains. The exploit drained 116,500 rsETH from a LayerZero-powered bridge,…
April 22, 2026, 9:25 a.m.
Markets
Market Participants Doubt Kelp Will Absorb Losses Following $292 Million Breach
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April 22, 2026, 9:25 a.m.
Markets
Market Predicts Limited Recourse for Kelp After Suffering $292 Million Exploit
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April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share $292 Million Exploit Losses
The likelihood of Kelp DAO spreading the losses from its recent $292 million exploit to unaffected users appears low, according to a Polymarket contract. Bettors give only a 14% chance that Kelp will implement a loss-socializing mechanism, forcing all rsETH holders to share the financial burden. This comes after an attacker drained approximately 116,500 rsETH from a LayerZero-powered bridge, leav…
April 22, 2026, 9:25 a.m.
Markets
Traders Doubt Kelp Will Share $292 Million Exploit Losses Across the Board
A recent Polymarket prediction suggests that Kelp DAO is unlikely to spread the losses from the $292 million exploit to all users, with bettors giving it a 14% chance. The exploit, which occurred over the weekend, drained approximately 116,500 rsETH from a LayerZero-powered bridge that held the reserves for the token across more than 20 blockchains, resulting in parts of the system being undercol…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Absorb Losses from $292 Million Exploit
Following a $292 million exploit, a Polymarket prediction market indicates that Kelp DAO is improbable to distribute the losses across all users. Bettors estimate a mere 14% chance that the protocol will implement a loss socialization mechanism, forcing unaffected rsETH holders on Ethereum to share the financial burden with those impacted on other chains. The exploit resulted in the theft of appr…
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 Losses Following $292 Million Exploit
The likelihood of Kelp DAO spreading the losses from the recent $292 million exploit to unaffected users appears low, according to a Polymarket contract. Bettors have given a mere 14% chance of Kelp implementing a loss socialization mechanism that would force rsETH holders on Ethereum to share the financial burden with users on other chains. The exploit, which drained approximately 116,500 rsETH …
April 22, 2026, 9:25 a.m.
Markets
Market Predicts Kelp Unlikely to Share $292 Million Losses Across the Board
Betting contracts on Polymarket indicate a mere 14% chance that Kelp DAO will implement a system to spread the losses from the recent $292 million exploit across all rsETH holders, including those not directly affected. The exploit, which drained approximately 116,500 rsETH from a LayerZero-powered bridge supporting the token across over 20 blockchains, has left parts of the system undercollatera…
April 22, 2026, 9:25 a.m.
Markets
Kelp Unlikely to Share Exploit Losses Across the Board
According to a Polymarket prediction, it's improbable that Kelp DAO will extend the losses from the recent $292 million exploit to those not directly impacted. Bettors are assigning a 14% probability to the likelihood of Kelp implementing a loss socialization mechanism, which would compel rsETH holders on the Ethereum network to share the financial burden with users on other chains. The exploit r…
April 22, 2026, 9:25 a.m.