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Kelp DAO Suffers $292 Million Exploit: A Major Blow to DeFi
A significant exploit has occurred in the DeFi space, with Kelp DAO's cross-chain bridge being drained of approximately $292 million worth of rsETH. This incident is attributed to an attacker manipulating LayerZero's cross-chain messaging layer, tricking it into releasing 116,500 rsETH to an attacker-controlled address. The Kelp DAO team responded by freezing the protocol's core contracts 46 minu…
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO Protocol Results in $292 Million Loss
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April 22, 2026, 4:22 p.m.
Tech
Massive $292 Million Hack Hits Kelp DAO, Exposing DeFi Vulnerabilities
A significant breach occurred in the Kelp DAO, a liquid restaking protocol, resulting in a loss of approximately $292 million. The hack involved an attacker tricking the LayerZero 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 exploiting the foundational assumption…
April 22, 2026, 4:22 p.m.
Tech
Massive $292 Million Exploit Hits Kelp DAO
A recent security breach has left Kelp DAO, a liquid restaking protocol, reeling after an attacker drained approximately $292 million from its cross-chain bridge. The incident occurred when the attacker manipulated the data feeding into the system, forcing it to rely on compromised inputs and approve transactions that never actually took place. This exploit has significant implications for the de…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Lost in Exploit
Recent News A significant breach occurred in Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attack involved the exploitation of a cross-chain bridge, which held nearly a fifth of the circulating supply of restaked ether tokens. The attacker manipulated the system by sending a fake transfer message, causing the bridge to release 116,500 rsETH to an…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Hit by $292 Million Exploit: Understanding the Breach
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Falls Victim to $292 Million Exploit
A recent exploit has drained nearly $292 million from Kelp DAO, a liquid restaking protocol, after an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH. The incident highlights the evolving tactics of North Korea-linked hackers, who are increasingly targeting decentralized systems. The attack has also affected Aave, which has frozen rsETH markets and set loan-t…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: Understanding the Breach
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April 22, 2026, 4:22 p.m.
Tech
Massive Exploit: Kelp DAO Loses $292 Million in Cross-Chain Heist
Network News: A recent cross-chain bridge exploit has left Kelp DAO drained of nearly $292 million. The attack, which occurred over the weekend, saw an attacker trick LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. The Kelp DAO protocol, a liquid restaking protocol built on EigenLayer, allows users to earn additional yield on top of standard…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Deep Dive
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April 22, 2026, 4:22 p.m.