Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains

Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains

An attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp's LayerZero-powered bridge on Saturday, triggering emergency freezes across Aave, SparkLend, Fluid and Upshift.

TRON’s Justin Sun Offers To Broker Negotiations Between Kelp And Hacker

TRON founder Justin Sun offered to broker a deal between Kelp and the hacker who stole $294 million from the protocol. Kelp’s TVL crashed from $1.8 billion to $1.4 billion, while Aave dropped from $26 billion to $19 billion over the weekend. Another high-profile heist hit the crypto community. On Saturday, a $294 million loss from an exploit rocked Kelp, a liquid staking protocol. In light of the unfortunate event, Justin Sun, founder of TRON (T…

Kelp DAO, a Liquid Restaking Protocol on EigenLayer Hacked for over $280M

Kelp DAO, a liquid restaking protocol on EigenLayer suffered a major exploit on April 18, 2026. Attackers drained approximately $280M–$293M worth of rsETH, its liquid restaking token. The vulnerability was in Kelp DAO’s rsETH cross-chain bridge powered by LayerZero. The attacker drained ~116,500 rsETH — roughly 18% of the token’s circulating supply. They then used […] The post Kelp DAO, a Liquid Restaking Protocol on EigenLayer Hacked for over $…

Hacking Crisis Escalates: Record Outflows from Aave | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting

The KelpDAO-related security breach crisis in the cryptocurrency market has led to a significant liquidity shock in DeFi protocols. According to recent data, large-scale $ETH outflows have occurred via Aave, while investor confidence is visibly weakening. According to information shared by the on-chain analytics platform Lookonchain, the KelpDAO exploit resulted in a “bad debt” on […] Thank you for subscribing to our RSS feed! The post Hacking C…

Aave Faces $5.4 Bilion ETH Outflows After rsETH Exploit Triggers Panic

Aave experienced significant stress on April 19 after reports linked to rsETH triggered rapid Ethereum withdrawals. Users rushed to exit positions, pushing ETH utilization on the protocol to 100% and exhausting available liquidity. The sudden movement followed concerns about a potential exploit affecting collateral integrity within the decentralized lending ecosystem and broader DeFi stability. An exploit involving an attacker using rsETH for co…

Kelp DAO Suffers $292 Million rsETH Exploit – Details

Wu Blockchain reports that Kelp DAO has suffered a massive cross-chain exploit that drained approximately 116,500 rsETH, valued at nearly $292 million. The incident raises fresh concerns about the protocol’s security, coming less than a year after a previous disruption tied to a smart contract bug Related Reading: $20M Crypto Scam Lands Texas Man 23-Year […]