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Exploitation of Kelp DAO Protocol Results in $292 Million Loss
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Lost in Latest Exploit
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A DeFi Crisis Unfolds
A recent attack on Kelp DAO, a liquid restaking protocol, has resulted in a staggering loss of $292 million. The breach occurred when an attacker manipulated LayerZero's cross-chain messaging layer, tricking the system into releasing 116,500 rsETH to an attacker-controlled address. This incident has significant implications for the DeFi ecosystem, particularly for Aave, which has been affected by…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to the Crypto World
A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. This incident is attributed to an attacker who manipulated the cross-chain messaging layer, LayerZero, into releasing a large amount of rsETH (restaked ether) to an attacker-controlled address. The attack did not involve breaking encryption but rather exploiting th…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Critical Examination of The Protocol
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A DeFi Earthquake
DeFi News: Kelp DAO's Cross-Chain Bridge Drained of $292 Million. An attacker exploited a cross-chain bridge holding nearly 18% of the circulating supply of rsETH, a restaked ether token, resulting in a loss of approximately $292 million. The exploit occurred when an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. Kelp DAO, …
April 22, 2026, 4:22 p.m.
Tech
Huge Loss: Kelp DAO Suffers $292 Million Exploit
Recent Developments in the Crypto Space KELP DAO BREACH: A significant exploit has occurred, with a cross-chain bridge being drained of nearly 18% of the circulating supply of a restaked ether token. The breach resulted in the loss of approximately $292 million. The attack exploited the bridge's reliance on verified instructions from other networks, allowing the attacker to trick the system into…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to DeFi
DeFi has been hit with a significant exploit as Kelp DAO, a liquid restaking protocol, was drained of approximately $292 million. The breach occurred when an attacker manipulated LayerZero's cross-chain messaging system, tricking it into releasing 116,500 rsETH (restaked ether) to an attacker-controlled address. This event has sent shockwaves through the DeFi space, with Aave being particularly a…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Deep Dive into the Incident
A significant incident occurred over the weekend when a cross-chain bridge associated with Kelp DAO was drained of approximately $292 million worth of rsETH (restaked ether). This exploit, which accounted for about 18% of the total circulating supply of rsETH, was facilitated through LayerZero, a cross-chain messaging layer. An attacker manipulated the system by tricking it into believing a valid…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major DeFi Breach
A significant exploit has occurred in the DeFi space, with Kelp DAO being drained of approximately $292 million. The attack was carried out by tricking LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. This incident highlights the evolving nature of North Korea-linked hacking efforts, which are increasingly targeting decentralized systems. The…
April 22, 2026, 4:22 p.m.