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Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving Wrapped Ether Stranded Across 20 Blockchains
A devastating breach occurred on Saturday, as an attacker successfully drained nearly 18% of the circulating supply of restaked ether (rsETH) from Kelp DAO's LayerZero-powered bridge. The stolen funds, worth around $292 million, were taken from a reserve that backed wrapped versions of the token on over 20 other blockchains, including Base, Arbitrum, and Scroll. The attack was made possible by ex…
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving Wrapped Ether Stranded Across 20 Blockchains
A catastrophic breach has occurred in the DeFi space, as an attacker successfully drained nearly a fifth of the circulating supply of a restaked ether token from a cross-chain bridge, triggering a wave of emergency measures across the ecosystem. On Saturday at 17:35 UTC, an attacker exploited Kelp DAO's LayerZero-powered bridge, making off with 116,500 rsETH, valued at approximately $292 million,…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Exposed
A significant breach has occurred in the DeFi space, with an attacker successfully draining 116,500 rsETH, equivalent to around 18% of the token's circulating supply, from Kelp DAO's LayerZero-powered bridge. The incident, which took place on Saturday at 17:35 UTC, has triggered a wave of emergency responses across the ecosystem. The stolen funds, valued at roughly $292 million, were held in a br…
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Exposed
In a shocking turn of events, a cross-chain bridge holding nearly a fifth of the circulating supply of restaked ether tokens has been drained, sending shockwaves through the DeFi ecosystem. On Saturday, an attacker exploited Kelp DAO's LayerZero-powered bridge, making off with 116,500 rsETH, valued at approximately $292 million. This breach has significant implications, as the stolen tokens were …
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving Wrapped Ether Stranded Across 20 Blockchains
A recent exploit has left the DeFi community reeling, as a staggering $292 million worth of rsETH was drained from Kelp DAO's LayerZero-powered bridge, sparking a chain reaction of emergency freezes and pauses across various platforms. The attack, which occurred on Saturday at 17:35 UTC, saw 116,500 rsETH siphoned off, representing roughly 18% of the token's circulating supply. The breach has rai…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving Wrapped Ether Stranded Across 20 Blockchains
A devastating hack has struck Kelp DAO, a liquid restaking protocol, with an attacker making off with 116,500 rsETH, valued at around $292 million. This significant loss, equivalent to about 18% of the circulating supply, has sent shockwaves throughout the DeFi ecosystem. The breach occurred on Saturday at 17:35 UTC, when the attacker exploited a vulnerability in LayerZero's cross-chain messaging…
April 18, 2026, 8:53 p.m.
Tech
2026's Largest Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A devastating exploit has struck the DeFi world, with an attacker successfully draining nearly 18% of the circulating supply of restaked ether (rsETH) from Kelp DAO's LayerZero-powered bridge. The stolen funds, worth around $292 million, have left a trail of uncertainty across more than 20 blockchains where wrapped versions of the token are deployed. At 17:35 UTC on Saturday, the attacker manipu…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A significant breach has occurred in the cryptocurrency space, with an attacker successfully draining 116,500 rsETH, valued at around $292 million, from Kelp DAO's LayerZero-powered bridge. This incident, which took place on Saturday at 17:35 UTC, has resulted in the theft of roughly 18% of the circulating supply of rsETH, a restaked ether token tracked by CoinGecko. The exploited bridge held the…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
In a shocking turn of events, an attacker successfully drained approximately 116,500 rsETH, equivalent to about 18% of the circulating supply, from Kelp DAO's LayerZero-powered bridge. This significant breach, valued at roughly $292 million, has triggered a wave of panic across the DeFi landscape. The attack, which occurred on Saturday at 17:35 UTC, involved the exploitation of LayerZero's cross-…
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
In a shocking turn of events, a cross-chain bridge holding nearly a fifth of the circulating supply of a restaked ether token has been compromised, resulting in a staggering loss of $292 million. The attack, which occurred on Saturday at 17:35 UTC, saw 116,500 rsETH siphoned off from Kelp DAO's LayerZero-powered bridge, representing about 18% of the token's total supply. This has triggered a chai…
April 18, 2026, 8:53 p.m.