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Kelp

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

4 hours ago by Crypto InsightsCrypto

A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35… Read More

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