Kelp DAO Exploit age | TradeSphere
Decrypt: Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic Kelp DAO lost $292M in a bridge exploit targeting its LayerZero integration, forcing Aave, SparkLend, and others to freeze rsETH markets in 2026's largest hack. Crypto Briefing: AAVE TVL plummets $6B after Kelp DAO hack exploits LayerZero bridge flaw AAVE TVL plummets $6B after Kelp DAO hack exploits LayerZero bridge flaw FinanceFeeds: Kelp DAO Exploit Drains $292M in rsETH as Cross-Chain Bridge Targeted The $292 million Kelp exploit: how it happened, and what it means for DeFi 2026 is shaping up to be DeFi's "worst year in terms of hacks," Ledger's CTO said, as the Kelp exploit shows how a single ... The $292 million Kelp crypto exploit: how it happened, and what it ...
Understanding the Context
Cointelegraph on MSN: LayerZero says Kelp setup enabled exploit, as Aave loss questions mount Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp DAO, adding that ... After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds. The Kelp DAO hack drained $292M, triggered $9B in Aave outflows, and wiped $13B from DeFi TVL. Here's what cross-chain contagion means for institutions.
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Key Insights
An attacker drained 116,500 rsETH from Kelp DAO’s LayerZero-powered cross-chain bridge on Saturday, with the stolen funds valued at approximately $292 ... Cointelegraph on MSN: LayerZero says Kelp setup caused exploit, as Aave loss questions mount Alaskan beach kelp The thallus (or body) consists of flat or leaf-like structures known as lamina (or blades) that originate from elongated stem-like structures, referred to as the stipes. A root-like structure (called the holdfast) anchors the kelp to the substrate of the ocean. Gas-filled bladders (pneumatocysts) form at the base of blades of American species, such as Nereocystis lueteana ... Find out what nutrients are in kelp and learn how it can help things like thyroid health, diabetes control, and anemia prevention.