Major Crypto Heist: Kelp DAO Loses $292 Million in rsETH, Affecting Multiple Blockchains

A significant breach occurred on Saturday, as an attacker successfully drained a substantial amount of rsETH from Kelp DAO's cross-chain bridge, worth around $292 million. This incident has sparked a wave of emergency responses across the DeFi ecosystem, including Aave, SparkLend, and Fluid, which have frozen their rsETH markets. The attack has also raised concerns among holders of wrapped versions of the token on over 20 blockchains, as the reserve backing these tokens has been depleted. The fallout is expected to be far-reaching, with potential implications for the stability of the DeFi market. Kelp DAO has acknowledged the incident and is currently investigating the matter with LayerZero, Unichain, and other security experts. The incident has highlighted the vulnerability of cross-chain bridges and the potential risks associated with DeFi protocols.