Kelp DAO Breach: $292 Million Stolen in Major Crypto Heist

A recent security breach has left Kelp DAO reeling, with approximately $292 million stolen from the cross-chain bridge. The attack, which occurred over the weekend, saw an attacker drain 116,500 rsETH (restaked ether) from Kelp DAO's LayerZero-powered bridge. This significant loss is estimated to be around 18% of rsETH's total circulating supply. The breach has sparked concerns about the security of decentralized systems and the potential for future attacks. In a related development, North Korea-linked hackers are believed to be behind the Kelp DAO breach, marking the second major crypto heist in less than three weeks. The attack on Kelp DAO has also affected Aave, which has frozen rsETH markets and halted new borrowing against the asset to contain the risk. Meanwhile, Coinbase has commissioned a report on the risks of quantum computing, warning that while current blockchains remain secure, the industry cannot afford to wait to prepare for potential future threats.