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Kelp DAO Suffers $292 Million Exploit
A recent incident has seen Kelp DAO, a liquid restaking protocol, drained of 116,500 rsETH, valued at approximately $292 million. The attacker exploited a vulnerability in LayerZero's cross-chain messaging layer, tricking the system into releasing the funds to an attacker-controlled address. Kelp DAO's emergency pauser multisig was able to freeze the protocol's core contracts 46 minutes after the…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Devastating Blow to the DeFi Landscape
DeFi News: A significant exploit has shaken the Kelp DAO, resulting in a staggering loss of $292 million. The attacker targeted a cross-chain bridge holding nearly 18% of the circulating supply of rsETH, a restaked ether token. This incident has far-reaching implications, affecting not only Kelp DAO but also other players in the DeFi space, such as Aave, which has been exposed to the exploited as…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Crypto Breach
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Breakdown of the Protocol Breach
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A DeFi Earthquake
A recent exploit has left Kelp DAO reeling, with nearly $292 million in losses. The attack, which occurred over the weekend, involved the manipulation of LayerZero's cross-chain messaging layer, resulting in the unauthorized transfer of 116,500 rsETH (restaked ether) tokens. This incident has significant implications for the DeFi space, particularly for Aave, which has been exposed to collateral …
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: Understanding the Fallout
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO's $292 Million Heist Exposes Crypto Bridges as a Persistent Vulnerability
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April 22, 2026, 4:01 p.m.
Tech
The $292 Million Kelp DAO Breach Exposes the Vulnerability of Crypto Bridges
The recent $292 million breach associated with KelpDAO highlights the ongoing vulnerability of crypto bridges, which are intended to facilitate the transfer of assets between blockchains but have instead become a weak point in the system. This incident involved KelpDAO's utilization of LayerZero's cross-chain messaging system, a type of infrastructure widely used for transferring data and asset…
April 22, 2026, 4:01 p.m.
Tech
Crypto Bridges Remain a Weak Point in the Industry Following the $292 Million Kelp DAO Exploit
The recent $292 million KelpDAO hack highlights the ongoing issue of crypto bridge vulnerabilities, which have resulted in the loss of billions of dollars in recent years. These bridges, designed to facilitate the transfer of assets between blockchains, have become a prime target for attackers due to their inherent weaknesses. The problem lies in the way bridges are constructed, with a reliance o…
April 22, 2026, 4:01 p.m.
Tech
Kelp DAO's $292 Million Heist Exposes Crypto Bridges as the Industry's Achilles' Heel
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April 22, 2026, 4:01 p.m.