Kelp DAO Suffers $292 Million Exploit: A DeFi Earthquake

DeFi News: Kelp DAO, a liquid restaking protocol, has been drained of approximately $292 million in rsETH tokens. The attacker exploited LayerZero's cross-chain messaging layer, tricking it into releasing the funds. The incident highlights the evolving tactics of North Korea-linked hackers, who are now targeting decentralized systems. The Kelp DAO hack has also affected Aave, which has frozen rsETH markets and halted new borrowing. Meanwhile, Coinbase has commissioned a report warning of the risks posed by quantum computing to the crypto industry, emphasizing the need for preparation and quantum-resistant solutions.