Kelp DAO Falls Victim to $292 Million Exploit

A recent exploit has drained nearly $292 million from Kelp DAO, a liquid restaking protocol, after an attacker tricked LayerZero's cross-chain messaging layer into releasing 116,500 rsETH. The incident highlights the evolving tactics of North Korea-linked hackers, who are increasingly targeting decentralized systems. The attack has also affected Aave, which has frozen rsETH markets and set loan-to-value ratios to zero to contain the risk. Meanwhile, a report commissioned by Coinbase warns that the crypto industry must prepare for the potential risks of quantum computing, which could one day break widely used encryption. The report stresses that while current quantum machines are not powerful enough to crack cryptography, a future 'fault-tolerant quantum computer' could pose a significant threat.