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Major Crypto Heist: Kelp DAO Loses $292 Million in Restaked Ether
A significant breach has occurred in the cryptocurrency space, with a hacker managing to drain nearly a fifth of the circulating supply of restaked ether from Kelp DAO's LayerZero-powered bridge. The attack, which took place on Saturday at 17:35 UTC, resulted in the loss of 116,500 rsETH, valued at approximately $292 million at current market prices. This represents a substantial portion of the t…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Exposed
A devastating cyber attack has struck Kelp DAO, a prominent liquid restaking protocol, resulting in the loss of nearly 18% of the circulating supply of restaked ether tokens. The breach, which occurred on Saturday at 17:35 UTC, saw an attacker drain 116,500 rsETH from Kelp's LayerZero-powered bridge, worth around $292 million at current market prices. This significant loss has triggered a wave of…
April 18, 2026, 8:53 p.m.
Tech
Hacker Drains $292 Million from Kelp DAO, Disrupting DeFi with Massive Crypto Heist
A recent and severe security breach has compromised a cross-chain bridge operated by Kelp DAO, a liquid restaking protocol, resulting in the loss of nearly 18% of the circulating supply of restaked ether tokens. The attacker successfully exploited the bridge's cross-chain messaging layer, managed by LayerZero, to transfer 116,500 rsETH tokens to an attacker-controlled address, valued at roughly $…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving Wrapped Ether Stranded Across 20 Chains
A devastating crypto exploit has shaken the DeFi landscape, with an attacker draining a substantial amount of restaked ether (rsETH) from Kelp DAO's cross-chain bridge, valued at around $292 million. The incident occurred on Saturday at 17:35 UTC, when the attacker tricked LayerZero's messaging layer into releasing 116,500 rsETH to a controlled address, equivalent to roughly 18% of the token's ci…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Chains with Stranded Wrapped Ether
A significant breach occurred in a cross-chain bridge, resulting in the loss of nearly 18% of the circulating supply of a restaked ether token. The incident involved the theft of 116,500 rsETH from Kelp DAO's bridge, which was worth around $292 million at current prices. This bridge utilizes LayerZero, a cross-chain messaging layer that enables verified instructions to be sent between different b…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A devastating hack has struck the DeFi world, with an attacker draining nearly 18% of the circulating supply of restaked ether (rsETH) from Kelp DAO's LayerZero-powered bridge. The incident, which occurred on Saturday at 17:35 UTC, saw 116,500 rsETH, valued at around $292 million, stolen from the bridge, which held the token reserve backing wrapped versions of rsETH on over 20 blockchains. The at…
April 18, 2026, 8:53 p.m.
Tech
Crypto's Biggest Heist of 2026: Kelp DAO Loses $292 Million to Hackers
A devastating hack has struck the Kelp DAO, a liquid restaking protocol, with the attacker making off with 116,500 restaked ether (rsETH) tokens, equivalent to roughly $292 million, from the protocol's LayerZero-powered bridge. The breach, which occurred on Saturday at 17:35 UTC, has sent shockwaves throughout the DeFi ecosystem, with several major players taking swift action to mitigate potentia…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A devastating attack on a cross-chain bridge has led to the loss of nearly 18% of the circulating supply of restaked ether tokens, sparking a crisis that is spreading rapidly throughout the DeFi ecosystem. On Saturday, an attacker successfully drained 116,500 rsETH, valued at around $292 million, from Kelp DAO's LayerZero-powered bridge, which is responsible for facilitating communication between…
April 18, 2026, 8:53 p.m.
Tech
Crypto's Biggest Heist of 2026: $292 Million Stolen from Kelp DAO
In a shocking turn of events, a hacker has successfully drained nearly 18% of the circulating supply of restaked ether tokens from Kelp DAO's LayerZero-powered bridge, triggering a wave of panic throughout the DeFi ecosystem. The attack, which occurred on Saturday at 17:35 UTC, saw the thief make off with 116,500 rsETH, valued at roughly $292 million at current prices. This staggering loss has se…
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A devastating breach occurred on Saturday when an attacker successfully drained 116,500 rsETH, equivalent to around 18% of the circulating supply, from Kelp DAO's LayerZero-powered bridge, valued at roughly $292 million. This incident has sent shockwaves throughout the DeFi space, with the attacker exploiting a vulnerability in LayerZero's cross-chain messaging layer to trick the bridge into rele…
April 18, 2026, 8:53 p.m.