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Kelp DAO Suffers $292 Million Exploit: A DeFi Protocol Under Attack
A significant DeFi protocol, Kelp DAO, has been drained of approximately $292 million due to an exploit on its cross-chain bridge. The attacker manipulated the system by tricking it into releasing 116,500 rsETH, a tradeable receipt for staked ether. This incident highlights the evolving tactics of North Korea-linked hackers, who are now exploiting the fundamental assumptions of decentralized syst…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to the DeFi Sector
DeFi News A significant exploit has shaken the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attacker exploited a vulnerability in the LayerZero-powered bridge, draining 116,500 rsETH (restaked ether) and triggering a chain reaction that has affected multiple blockchains. The Kelp DAO's emergency response team froze the protocol's core contracts …
April 22, 2026, 4:22 p.m.
Tech
Massive $292 Million Exploit Hits Kelp DAO
Recent News KELP DAO BREACH: A devastating attack on a cross-chain bridge has resulted in the theft of $292 million worth of restaked ether tokens. The attacker manipulated the bridge's messaging layer, tricking it into releasing 116,500 rsETH to an attacker-controlled address. Kelp DAO, a liquid restaking protocol, has paused its core contracts to mitigate further damage. The breach has signifi…
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO: $292 Million Lost in Latest Crypto Heist
Recent News KELP DAO BREACH: A significant cross-chain bridge holding nearly one-fifth of the circulating supply of a restaked ether token has been drained, and the consequences are spreading rapidly through DeFi, outpacing Kelp DAO's efforts to pause contracts. Over the weekend, at 17:35 UTC, an attacker extracted 116,500 rsETH (restaked ether) from Kelp DAO's LayerZero-powered bridge, valued a…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Setback for the Crypto Space
Recent Developments in the Crypto World A significant exploit has occurred in the Kelp DAO, a cross-chain bridge, resulting in the loss of approximately $292 million. This incident has sent shockwaves through the DeFi space, with the attacker managing to drain 116,500 rsETH (restaked ether) from Kelp DAO's LayerZero-powered bridge. The exploited bridge held nearly a fifth of the circulating supp…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
Recent Developments in the Crypto Space A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attacker targeted a cross-chain bridge, tricking the LayerZero messaging layer into releasing 116,500 rsETH (restaked ether) to an attacker-controlled address. This incident has raised concerns about the security of dece…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Setback for the Crypto Space
A significant breach occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of $292 million. This incident happened when an attacker manipulated the cross-chain messaging layer, LayerZero, to trick the Kelp DAO's bridge into releasing 116,500 rsETH to an attacker-controlled address. The emergency pauser multisig froze the protocol's core contracts 46 minutes after the succes…
April 22, 2026, 4:22 p.m.
Tech
Hacking Incident: Kelp DAO Loses $292 Million in Exploit
Recent news in the crypto space includes a significant breach of the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The hack occurred when an attacker tricked the LayerZero cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. This incident highlights the evolving nature of hacking attempts, with attackers exploiti…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
A major exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attack was carried out by tricking the LayerZero cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. This incident is the second major exploit linked to North Korean hackers in recent weeks, following a similar attack on the cr…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
A significant cryptocurrency heist has occurred, with Kelp DAO's cross-chain bridge being drained of approximately $292 million. The attacker manipulated the system by feeding it false data, causing it to release 116,500 rsETH to an attacker-controlled address. This exploit has raised concerns about the security of decentralized systems and the potential for North Korean hackers to be involved. A…
April 22, 2026, 4:22 p.m.