Kelp DAO’s rsETH Bridge Hit by $292M Exploit in Suspected LayerZero Attack

$292M rsETH exploit exposes cross-chain risks, forcing Kelp shutdown and Aave market freeze amid bad debt concerns. A major security breach has struck Kelp DAO, leaving the protocol reeling after a large-scale cross-chain exploit. Early on Saturday, an attacker drained a significant portion of its rsETH supply via a suspected LayerZero vulnerability. On-chain data points … Continue reading Kelp DAO’s rsETH Bridge Hit by $292M Exploit in Suspected LayerZero Attack