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Exploitation of Kelp DAO Protocol Results in $292 Million Loss
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: Understanding the Breach
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April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit
A recent cyber attack has drained approximately $292 million from Kelp DAO, a liquid restaking protocol, after an attacker manipulated the cross-chain messaging layer to release 116,500 rsETH. This incident has significant implications for the DeFi sector, with potential losses for Aave and highlighting the evolving tactics of North Korea-linked hackers. In related news, Coinbase has commissionedā€¦
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Blow to DeFi
Recent Developments in the Crypto Space A significant exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attacker targeted a cross-chain bridge holding around 18% of the circulating supply of rsETH, a restaked ether token. This incident has sent shockwaves through the DeFi ecosystem, with Aave being particularly affected duā€¦
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major DeFi Breach
A significant exploit has occurred in the DeFi space, with Kelp DAO being drained of approximately $292 million. The attack was carried out by tricking LayerZero's cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. This incident highlights the evolving nature of North Korea-linked hacking efforts, which are increasingly targeting decentralized systems. Theā€¦
April 22, 2026, 4:22 p.m.
Tech
Massive Exploit: Kelp DAO Loses $292 Million in Cross-Chain Heist
Recent Developments in the Crypto Space A significant cross-chain bridge exploit has resulted in the loss of approximately $292 million from Kelp DAO, a liquid restaking protocol. The attacker manipulated LayerZero's cross-chain messaging layer, tricking it into releasing 116,500 rsETH (restaked ether) to an attacker-controlled address. This incident has sparked concerns about the security of deā€¦
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit in Latest DeFi Breach
DeFi has been impacted by a significant breach, with Kelp DAO's cross-chain bridge being drained of approximately $292 million. The exploit occurred when an attacker manipulated LayerZero's cross-chain messaging layer, tricking it into releasing 116,500 rsETH to an attacker-controlled address. The Kelp DAO protocol, which provides liquid restaking services for Ethereum, has paused its core contraā€¦
April 22, 2026, 4:22 p.m.
Tech
Huge Loss for Kelp DAO: $292 Million Stolen in Exploit
Recent News Kelp DAO has been drained of nearly $292 million. An attacker exploited a cross-chain bridge holding about 18% of the circulating supply of rsETH, a restaked ether token. The bridge, powered by LayerZero, was tricked into releasing 116,500 rsETH to an attacker-controlled address. The Kelp DAO team froze the protocol's core contracts 46 minutes after the attack, and two follow-up atteā€¦
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Suffers $292 Million Exploit: A Major Setback for the Crypto Space
Recent Developments in the Crypto World A significant exploit has occurred in the Kelp DAO, a cross-chain bridge, resulting in the loss of approximately $292 million. This incident has sent shockwaves through the DeFi space, with the attacker managing to drain 116,500 rsETH (restaked ether) from Kelp DAO's LayerZero-powered bridge. The exploited bridge held nearly a fifth of the circulating suppā€¦
April 22, 2026, 4:22 p.m.
Tech
Kelp DAO Falls Victim to $292 Million Exploit: Understanding the Protocol Breach
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April 22, 2026, 4:22 p.m.