Kelp DAO Exploit | TradeSphere
Decrypt: Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic Yahoo Finance: Kelp DAO Bridge Exploit Drains $292 Million in rsETH and Triggers Aave Freeze Kelp DAO was hit by a major exploit on Friday that drained roughly 116,500 rsETH, worth about $292 million, in ... Kelp DAO Bridge Exploit Drains $292 Million in rsETH and Triggers Aave Freeze A cross-chain bridge exploit at Kelp DAO on April 18 drained about 116,500 rsETH, worth nearly $293 million, and triggered a rapid response across decentralized ... Crypto News Flash: LayerZero Points to Lazarus Group After $292 Million rsETH Exploit Hits Kelp DAO Kelp DAO lost 116,500 rsETH worth about $292 million on April 18, making it the biggest DeFi exploit of the year so far.
Understanding the Context
LayerZero Points to Lazarus Group After $292 Million rsETH Exploit Hits Kelp DAO 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. Kelp DAO bridge hack results in $292M loss from rsETH reserves, marking 2026's largest DeFi exploit and impacting cross-chain protocols. FinanceFeeds: Kelp DAO Exploit Drains $292M in rsETH as Cross-Chain Bridge Targeted M drained from Kelp DAO after Lazarus Group exploited single-verifier bridge setup, triggering losses across nine DeFi protocols including Aave. Aave's price dropped 12% after Kelp DAO's $280M DeFi exploit.
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Key Insights
Ethereum reaching $10,000 by is at 4% YES. Aave has seen more than $5.4 billion in ETH withdrawn after the Kelp DAO rsETH exploit raised fears of bad debt on the protocol. Aave faces a liquidity crisis after a $292M Kelp DAO exploit, triggering ETH shortages, bad debt concerns, and an AAVE price decline. CoinDesk: LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds.