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Massive $292 Million Exploit Hits Kelp DAO
A major security breach has resulted in the theft of approximately $292 million from Kelp DAO, a liquid restaking protocol. The incident occurred when an attacker manipulated the cross-chain messaging layer of LayerZero, tricking the system into releasing 116,500 rsETH to an attacker-controlled address. This breach has significant implications for the DeFi space, as Kelp DAO is a key player in th…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to DeFi
Network News: A significant exploit has occurred in the Kelp DAO, resulting in the loss of approximately $292 million. The breach was carried out by an attacker who manipulated the cross-chain messaging layer, prompting the release of 116,500 rsETH to an attacker-controlled address. Kelp DAO, a liquid restaking protocol, was affected when its LayerZero-powered bridge was drained. The protocol has…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to DeFi
A significant exploit has occurred in the DeFi space, with Kelp DAO's cross-chain bridge being drained of approximately $292 million worth of rsETH. This incident is attributed to an attacker manipulating LayerZero's cross-chain messaging layer, tricking it into releasing 116,500 rsETH to an attacker-controlled address. The Kelp DAO team responded by freezing the protocol's core contracts 46 minu…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Hack Results in $292 Million Loss
A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the theft of approximately $292 million. The attacker manipulated the cross-chain messaging layer, LayerZero, to trick the protocol into releasing 116,500 rsETH to an attacker-controlled address. This incident has raised concerns about the security of decentralized systems and the potential for North Kor…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Deep Dive into the Incident
A significant incident occurred over the weekend when a cross-chain bridge associated with Kelp DAO was drained of approximately $292 million worth of rsETH (restaked ether). This exploit, which accounted for about 18% of the total circulating supply of rsETH, was facilitated through LayerZero, a cross-chain messaging layer. An attacker manipulated the system by tricking it into believing a valid…
April 22, 2026, 4:22 p.m.
Tech
Major Exploit: Kelp DAO Loses $292 Million in Cross-Chain Heist
A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The breach happened when an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. The Kelp DAO's emergency pauser multisig froze the protocol's core contracts 46 minutes after the successful drain. …
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Loss in Exploitation Incident
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
Recent Developments in Crypto KELP DAO BREACH: A significant cross-chain bridge holding nearly 18% of the total circulating supply of a restaked ether token has been drained. The aftermath is spreading rapidly through DeFi, outpacing Kelp DAO's efforts to pause contracts. Over the weekend, at 17:35 UTC, an attacker withdrew 116,500 rsETH (restaked ether), valued at approximately $292 million, …
April 22, 2026, 4:22 p.m.
Tech
Exploitation of Kelp DAO Protocol Results in $292 Million Loss
Recent Developments in Crypto A significant exploit occurred in the Kelp DAO protocol, resulting in the loss of approximately $292 million. The attacker targeted a cross-chain bridge, draining 116,500 rsETH (restaked ether) and impacting about 18% of the token's circulating supply. The exploit was made possible by manipulating the data feeding into the system, forcing it to rely on compromised…
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Breach: $292 Million Stolen in Cross-Chain Exploit
Recent Developments in the Crypto Space A significant breach occurred in the Kelp DAO, a liquid restaking protocol, resulting in the theft of approximately $292 million worth of rsETH (restaked ether). The attacker exploited a vulnerability in the LayerZero-powered cross-chain bridge, tricking it into releasing 116,500 rsETH to an attacker-controlled address. Following the incident, Kelp DAO's e…
April 22, 2026, 4:22 p.m.