Kelp DAO exploited what happened | TradeSphere
Kelp DAO's rsETH token may have been exploited, risking over $100 million. Ethereum reaching $4,000 in April now at 85% NO. The rsETH markets on Aave V3 and Aave V4 have been frozen.
Understanding the Context
Aave's contracts have not been exploited and this is an exploit related to rsETH. The freeze follows an exploit of the Kelp DAO rsETH bridge ... M drained from Kelp DAO after Lazarus Group exploited single-verifier bridge setup, triggering losses across nine DeFi protocols including Aave. 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 ...
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Key Insights
The $292 million Kelp crypto exploit: how it happened, and what it ... 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. 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 ... Decrypt: 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.
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Yahoo Finance: Hackers target DeFi protocol Kelp DAO in massive $300m exploit Security experts have flagged an apparent nearly $300 million exploit of Kelp DAO. The $293.7 million in rsETH was drained from the protocol. The DeFi community is still reeling from other recent ... 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. FinanceFeeds: Kelp DAO Exploit Drains $292M in rsETH as Cross-Chain Bridge Targeted 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 ...