Kelp DAO Suffers $292 Million Exploit

A major exploit has occurred in the Kelp DAO, a liquid restaking protocol, resulting in the loss of approximately $292 million. The attack was carried out by tricking the LayerZero cross-chain messaging layer into releasing 116,500 rsETH to an attacker-controlled address. This incident is the second major exploit linked to North Korean hackers in recent weeks, following a similar attack on the crypto trading firm Drift. The Kelp DAO exploit has also affected Aave, which has taken steps to contain the risk by freezing rsETH markets and halting new borrowing against the asset. Meanwhile, Coinbase has commissioned a report on the risks of quantum computing to the crypto industry, warning that while current blockchains remain secure, the industry cannot afford to wait to prepare for the potential risks posed by quantum computers.