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Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving Wrapped Ether Stranded Across 20 Blockchains
A devastating crypto exploit has drained nearly a fifth of the circulating supply of a restaked ether token, with the stolen funds now scattered across over 20 blockchains, triggering a cascade of emergency measures throughout the DeFi ecosystem. On Saturday, an attacker successfully siphoned off 116,500 rsETH, valued at around $292 million, from Kelp DAO's LayerZero-powered bridge, which utilize…
April 18, 2026, 8:53 p.m.
Tech
Crypto Market Hit by Massive Exploit: $292 Million Stolen from Kelp DAO
A significant exploit has occurred in the cryptocurrency market, with an attacker draining a substantial amount of restaked ether from Kelp DAO's LayerZero-powered bridge. The incident, which took place on Saturday, involved the theft of 116,500 rsETH, valued at around $292 million. This amount represents roughly 18% of the token's circulating supply. The bridge in question held the rsETH reserve…
April 18, 2026, 8:53 p.m.
Tech
Hacker Drains $292 Million from Kelp DAO, Leaving 20 Blockchains with Stranded Wrapped Ether
In a devastating breach, a hacker has exploited Kelp DAO's LayerZero-powered bridge, draining 116,500 rsETH, equivalent to roughly $292 million and approximately 18% of the token's circulating supply. The attack, which occurred on Saturday at 17:35 UTC, has triggered a cascade of emergency measures across the DeFi landscape, including freezes on Aave, SparkLend, and Fluid. The hacker manipulated …
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: Kelp DAO Loses $292 Million in rsETH to Exploit
A significant attack on Kelp DAO's LayerZero-powered bridge has resulted in the loss of 116,500 rsETH, valued at around $292 million. This represents about 18% of the total rsETH in circulation. The breach occurred when the attacker manipulated LayerZero's cross-chain messaging system, tricking it into releasing the funds to an attacker-controlled address. The aftermath is spreading rapidly throu…
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, as an attacker successfully drained a substantial amount of restaked ether from Kelp DAO's LayerZero-powered bridge, sparking a chain reaction of emergency responses throughout the DeFi ecosystem. The stolen funds, totaling 116,500 rsETH, represent roughly 18% of the token's circulating supply and are valued at approximately $292 million. The attack comp…
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Chains with Stranded Wrapped Ether
A devastating breach has occurred in the DeFi space, with an attacker successfully draining 116,500 rsETH, equivalent to roughly 18% of the token's circulating supply, from Kelp DAO's cross-chain bridge. The exploit, which took place on Saturday at 17:35 UTC, has sent shockwaves throughout the cryptocurrency community, triggering a series of emergency measures to mitigate the damage. The attacker…
April 18, 2026, 8:53 p.m.
Tech
Massive Crypto Heist: Kelp DAO Loses $292 Million to Attackers
A devastating cyber attack has drained nearly 18% of the circulating supply of restaked ether tokens, worth around $292 million, from Kelp DAO's LayerZero-powered bridge, triggering a wave of emergency responses throughout the DeFi ecosystem. The attack, which occurred on Saturday at 17:35 UTC, involved the exploitation of LayerZero's cross-chain messaging layer, allowing the perpetrator to trick…
April 18, 2026, 8:53 p.m.
Tech
Kelp DAO Hit by Massive $292 Million Crypto Heist, 18% of rsETH Supply Drained
A devastating crypto heist has struck Kelp DAO, with an attacker making off with approximately $292 million worth of rsETH, roughly 18% of the token's circulating supply. The breach occurred on Saturday at 17:35 UTC, when the attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH from Kelp's bridge to an attacker-controlled address. LayerZero is a crucial infrastruc…
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 significant attack has drained nearly 18% of the circulating supply of restaked ether tokens from Kelp DAO's LayerZero-powered bridge, triggering a wave of emergency freezes and raising concerns about the stability of the DeFi ecosystem. The attacker exploited a vulnerability in LayerZero's cross-chain messaging layer, tricking the bridge into releasing 116,500 rsETH to an attacker-controlled a…
April 18, 2026, 8:53 p.m.
Tech
Major Crypto Heist: $292 Million Stolen from Kelp DAO, Leaving 20 Blockchains Vulnerable
A devastating breach has occurred in the cryptocurrency space, with a staggering $292 million worth of restaked ether (rsETH) being drained from Kelp DAO's LayerZero-powered bridge. This significant loss, representing around 18% of the token's circulating supply, has triggered a wave of emergency freezes across various DeFi platforms, including Aave, SparkLend, Fluid, and Upshift. The attacker ex…
April 18, 2026, 8:53 p.m.