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Major Crypto Exploit: Kelp DAO Loses $292 Million
Recent news in the crypto space has been marked by significant developments. A major exploit has resulted in the loss of approximately $292 million from Kelp DAO, a liquid restaking protocol. This incident occurred when an attacker manipulated the cross-chain messaging layer, LayerZero, into releasing a large amount of rsETH (restaked ether) to an attacker-controlled address. The attack did not i…
April 22, 2026, 4:22 p.m.
Tech
Massive $292 Million Exploit Hits Kelp DAO
A recent security breach has left Kelp DAO, a liquid restaking protocol, reeling after an attacker drained approximately $292 million from its cross-chain bridge. The incident occurred when the attacker manipulated the data feeding into the system, forcing it to rely on compromised inputs and approve transactions that never actually took place. This exploit has significant implications for the de…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Hit by $292 Million Exploit: Understanding the Protocol Breach
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to the Crypto Sector
Recent Developments in the Crypto Space A significant exploit has occurred in the Kelp DAO, resulting in the loss of approximately $292 million. This incident involved the manipulation of a cross-chain bridge, which holds a substantial portion of the circulating supply of a restaked ether token. The attacker successfully drained 116,500 rsETH, worth around $292 million, by tricking the LayerZero…
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO Protocol Results in $292 Million Loss
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Stolen in Cross-Chain Exploit
Recent News A significant breach occurred in the Kelp DAO, a liquid restaking protocol, resulting in the theft of approximately $292 million. The attack exploited a cross-chain bridge, draining 116,500 rsETH (restaked ether) tokens. The bridge, powered by LayerZero, was tricked into releasing the tokens to an attacker-controlled address. The Kelp DAO's emergency pauser multisig froze the protoco…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to the Crypto World
A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. This incident is attributed to an attacker who manipulated the cross-chain messaging layer, LayerZero, into releasing a large amount of rsETH (restaked ether) to an attacker-controlled address. The attack did not involve breaking encryption but rather exploiting th…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Stolen in Major Crypto Heist
A significant exploit has occurred in the Kelp DAO, resulting in the theft of approximately $292 million. The breach was executed through a cross-chain bridge, highlighting the vulnerabilities of decentralized systems. The attacker manipulated the data feeding into the system, forcing it to rely on compromised inputs and approve transactions that never actually occurred. This incident is the seco…
April 22, 2026, 4:22 p.m.
Tech
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
Kelp DAO Suffers $292 Million Exploit: A DeFi Crisis Unfolds
A recent cyber attack has drained nearly $292 million from Kelp DAO, a liquid restaking protocol, sparking a crisis in the DeFi sector. The attack occurred when an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. Kelp DAO's emergency pauser multisig froze the protocol's core contracts 46 minutes after the successful drain. Th…
April 22, 2026, 4:22 p.m.