Kelp DAO exploited net worth | TradeSphere
Kelp DAO's rsETH token may have been exploited, risking over $100 million. Ethereum reaching $4,000 in April now at 85% NO. 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 ...
Understanding the Context
M drained from Kelp DAO after Lazarus Group exploited single-verifier bridge setup, triggering losses across nine DeFi protocols including Aave. Kelp DAO's rsETH bridge was exploited for $292M via LayerZero. Stolen funds hit Aave as DeFi losses cross $600M across 10+ protocols in two weeks. The Kelp DAO hack drained $292M, triggered $9B in Aave outflows, and wiped $13B from DeFi TVL.
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Here's what cross-chain contagion means for institutions. Yahoo Finance: Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds. Cointelegraph on MSN: Aave's TVL tanks $8B a day after $293M Kelp DAO hack Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly ... Analytics Insight: Kelp DAO Hack Drains $293 Million and Triggers DeFi Contagion Fears 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 ... Blockonomi: $290M Kelp DAO Breach Tied to Lazarus Group and Weak Bridge Security $290M Kelp DAO Breach Tied to Lazarus Group and Weak Bridge Security Crypto Briefing: Kelp DAO hit by $292M bridge hack draining rsETH reserves, Aave freezes affected markets Kelp DAO bridge hack results in $292M loss from rsETH reserves, marking 2026's largest DeFi exploit and impacting cross-chain protocols.
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Kelp DAO hit by $292M bridge hack draining rsETH reserves, Aave freezes affected markets