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Kelp DAO Suffers $292 Million Exploit
A recent cybersecurity breach has resulted in the theft of approximately $292 million from Kelp DAO, a decentralized finance protocol. The attack, which occurred over the weekend, involved the exploitation of a cross-chain bridge, allowing the perpetrator to drain nearly 18% of the circulating supply of restaked ether tokens. The incident has raised concerns about the potential for future attacks…
April 22, 2026, 4:22 p.m.
Tech
Massive $292 Million Exploit Hits Kelp DAO
A major security breach has resulted in the theft of approximately $292 million from Kelp DAO, a liquid restaking protocol. The incident occurred when an attacker manipulated the cross-chain messaging layer of LayerZero, tricking the system into releasing 116,500 rsETH to an attacker-controlled address. This breach has significant implications for the DeFi space, as Kelp DAO is a key player in th…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Hack Results in $292 Million Loss
A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the theft of approximately $292 million. The attacker manipulated the cross-chain messaging layer, LayerZero, to trick the protocol into releasing 116,500 rsETH to an attacker-controlled address. This incident has raised concerns about the security of decentralized systems and the potential for North Kor…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
Recent Developments in Crypto KELP DAO BREACH: A significant cross-chain bridge holding nearly 18% of the total circulating supply of a restaked ether token has been drained. The aftermath is spreading rapidly through DeFi, outpacing Kelp DAO's efforts to pause contracts. Over the weekend, at 17:35 UTC, an attacker withdrew 116,500 rsETH (restaked ether), valued at approximately $292 million, …
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO Protocol Results in $292 Million Loss
Recent Developments in Crypto A significant exploit occurred in the Kelp DAO protocol, resulting in the loss of approximately $292 million. The attacker targeted a cross-chain bridge, draining 116,500 rsETH (restaked ether) and impacting about 18% of the token's circulating supply. The exploit was made possible by manipulating the data feeding into the system, forcing it to rely on compromised…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Stolen in Cross-Chain Exploit
Recent Developments in the Crypto Space A significant breach occurred in the Kelp DAO, a liquid restaking protocol, resulting in the theft of approximately $292 million worth of rsETH (restaked ether). The attacker exploited a vulnerability in the LayerZero-powered cross-chain bridge, tricking it into releasing 116,500 rsETH to an attacker-controlled address. Following the incident, Kelp DAO's e…
April 22, 2026, 4:22 p.m.
Tech
Massive Exploit: Kelp DAO Loses $292 Million in Cross-Chain Heist
Recent Developments in the Crypto Space KELP DAO BREACH: A significant cross-chain bridge has been drained of approximately $292 million worth of restaked ether tokens. The attack on Kelp DAO, a protocol that offers liquid restaking solutions, has sent shockwaves through the DeFi ecosystem. At 17:35 UTC, an attacker exploited LayerZero's cross-chain messaging layer, tricking it into releasing 11…
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO: $292 Million Lost
Recent Developments in the Crypto Space A significant breach occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attacker exploited a vulnerability in the cross-chain bridge, managed by LayerZero, to drain 116,500 rsETH (restaked ether) tokens. This incident highlights the potential risks associated with decentralized systems and the im…
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO Results in $292 Million Loss: A Breakdown of the Incident
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April 22, 2026, 4:22 p.m.
Tech
Massive Exploit: Kelp DAO Loses $292 Million
Recent Developments in the Crypto Space A significant exploit occurred over the weekend, with Kelp DAO, a liquid restaking protocol, being drained of approximately $292 million worth of rsETH (restaked ether) due to a vulnerability in its cross-chain bridge. This incident highlights the evolving nature of hacking attempts, particularly those linked to North Korea, which seem to be shifting towar…
April 22, 2026, 4:22 p.m.