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Major Exploit: Kelp DAO Loses $292 Million
Recent Developments in Crypto Kelp DAO Breach: A significant attack has occurred on Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. This incident involved the exploitation of a cross-chain bridge, highlighting the potential vulnerabilities in the underlying infrastructure. The attacker manipulated the system by feeding it false data, which led to the…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Lost in Exploit
Recent Developments in Blockchain Security A significant breach occurred in the Kelp DAO, a cross-chain bridge holding approximately 18% of the rsETH token's circulating supply, resulting in a loss of around $292 million. This incident highlights the vulnerability of decentralized systems to exploitation. An attacker manipulated the LayerZero cross-chain messaging layer, tricking it into releasi…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
A recent cyber attack has drained approximately $292 million from Kelp DAO, a liquid restaking protocol. The exploit occurred when an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. This incident highlights the evolving tactics of North Korea-linked hackers, who are now targeting the fundamental assumptions underlying decent…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major DeFi Breach
DeFi News: A significant attack on Kelp DAO's cross-chain bridge has resulted in the theft of approximately $292 million worth of restaked ether tokens. The breach occurred when an attacker manipulated LayerZero's cross-chain messaging layer, tricking it into releasing 116,500 rsETH to an attacker-controlled address. Kelp DAO promptly froze its core contracts, but not before the attacker attempte…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Setback for the Crypto World
A recent security breach has left Kelp DAO, a liquid restaking protocol, reeling from a staggering $292 million loss. The incident occurred when an attacker manipulated the cross-chain messaging layer, LayerZero, to trick Kelp DAO's bridge into releasing 116,500 rsETH (restaked ether) tokens. This significant exploit has sent shockwaves through the DeFi community, with Aave being particularly aff…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
A recent cyber attack has drained approximately $292 million from Kelp DAO, a liquid restaking protocol, via a cross-chain bridge exploit. The incident occurred when an attacker tricked LayerZero's messaging system into releasing 116,500 rsETH to an attacker-controlled address. The exploit has significant implications for the DeFi space, with Aave being notably affected due to the attacker using …
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
A major incident has occurred in the crypto space with the exploitation of Kelp DAO, resulting in a loss of approximately $292 million. This breach was facilitated through a cross-chain bridge and has significant implications for the decentralized finance (DeFi) sector. The attack on Kelp DAO, which operates as a liquid restaking protocol, was carried out by tricking LayerZero's cross-chain messa…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A DeFi Crisis Unfolds
A recent cyber attack has drained nearly $292 million from Kelp DAO, a liquid restaking protocol, sparking a crisis in the DeFi sector. The attack occurred when an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. Kelp DAO's emergency pauser multisig froze the protocol's core contracts 46 minutes after the successful drain. Th…
April 22, 2026, 4:22 p.m.
Tech
Major Exploit Hits Kelp DAO, Resulting in $292 Million Loss
A significant breach occurred in the Kelp DAO protocol, with approximately $292 million stolen. The incident involved a cross-chain bridge that was exploited, allowing an attacker to drain 116,500 rsETH. The attack was carried out by tricking LayerZero's messaging system into releasing the funds to an attacker-controlled address. In response, Kelp DAO's emergency pauser multisig froze the protoco…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Setback for the Crypto Sector
A significant exploit has occurred in the crypto space, with Kelp DAO, a liquid restaking protocol, being drained of approximately $292 million. The attack, which targeted a cross-chain bridge holding nearly a fifth of the circulating supply of restaked ether tokens, has sent shockwaves through the DeFi sector. An attacker manipulated the data feeding into the system, forcing it to rely on compro…
April 22, 2026, 4:22 p.m.