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Kamol_1313
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🚨 ЭТО НЕ ШУТКА. РЫНОК СНОВА В ШОКЕ. KelpDAO взломан. 💸 Украдено ~$294,000,000 Как это произошло: — Хакер отчеканил 116,500 $RSETH — Слил токены на рынке — Использовал их как залог — Занял 106,467 $ETH (~$250M) 📉 Один ход — и почти 300 миллионов исчезли. Это не просто взлом. Это напоминание: ❗ DeFi = возможности + риски ❗ Даже крупные проекты не защищены на 100% ❗ Ликвидность можно превратить в оружие Пока одни зарабатывают — другие теряют всё. Вопрос: Ты контролируешь риск… или риск контролирует тебя? #crypto #defi #Hack #Ethereum #trading #riskmanagement #cryptonews
🚨 ЭТО НЕ ШУТКА. РЫНОК СНОВА В ШОКЕ.

KelpDAO взломан.
💸 Украдено ~$294,000,000

Как это произошло:

— Хакер отчеканил 116,500 $RSETH
— Слил токены на рынке
— Использовал их как залог
— Занял 106,467 $ETH (~$250M)

📉 Один ход — и почти 300 миллионов исчезли.

Это не просто взлом.
Это напоминание:

❗ DeFi = возможности + риски
❗ Даже крупные проекты не защищены на 100%
❗ Ликвидность можно превратить в оружие

Пока одни зарабатывают — другие теряют всё.

Вопрос:
Ты контролируешь риск… или риск контролирует тебя?

#crypto #defi #Hack #Ethereum #trading #riskmanagement #cryptonews
🥷 #BTC #Bitcoin Dominance returns to 60%, its high level mark for 2026, as the #DeFi market implodes after another hack by North Korea. #hack #crypto $BTC
🥷 #BTC #Bitcoin Dominance returns to 60%, its high level mark for 2026, as the #DeFi market implodes after another hack by North Korea. #hack

#crypto
$BTC
مقالة
AAVE: someone stole $293 million with $250 in gas feesYesterday, someone stole $293 million with $250 in gas fees. No zero-day vulnerability. No broken code. Just a mischecked box in a configuration file. Let me explain. THE TIMELINE - April 18, 2026, 11:05 AM UTC. An anonymous wallet receives 0.1 ETH from Tornado Cash. Cost: ~$250. For 6 hours, nothing happens. Then at 5:35 PM, this wallet executes ONE SINGLE function call on the Kelp DAO contract. And 116,500 rsETH appear out of thin air. Value: $293 million. 🔓 THE VULNERABILITY (explained simply) Imagine a vault with 3 locks. Standard security practice says: "you need 2 out of 3 keys to open it." But Kelp DAO configured their LayerZero bridge differently: "1 key is enough." That "key" was a DVN (Decentraized Verifier Network). ONE SINGLE validator. Exact configuration: → requiredDVNCount: 1 → optionalDVNCount: 0 The attacker compromised this single node, forged a fake cross-chain message saying "send 116k rsETH to this address," and the contract obeyed. This wasn't a code bug, it was a deployment misconfiguration. Audits check code. Not always the config. THE HEIST (in 46 minutes) 5:35 PM → Exploit: mint of 116,500 unbacked rsETH 5:36-5:42 PM → Distribution to 7 intermediate wallets: - 53,000 rsETH → 0x1f4c1c - 30,000 rsETH → 0xeba786 - 10,000 rsETH → 0xcbb24a - 8,000 rsETH → 0x1b748b - 6,000 rsETH → 0xbb6a60 - 5,000 rsETH → 0x8d11ae - 4,500 rsETH → 0xe9e2f4 5:45-6:00 PM → Deposited as collateral on AAVE V3, Compound V3, AAVE Arbitrum 6:00 PM+ → Borrowed $236M in WETH against this "collateral" 6:15 PM → Consolidated to a single wallet The problem? These rsETH have ZERO real value. They're worthless. But the lending protocol oracles couldn't know that. THE ATTACKER'S ADDRESSES I traced the entire flow on-chain: Main wallet (exploiter): 0x8B1b6c → Funded via Tornado Cash 0.1 ETH Pool → Executed the fraudulent lzReceive() call Profit consolidation wallet: ETH Millionaire 0x5d391: app.nansen.ai/profiler?addre… → Labeled "ETH Millionaire" by #NansenAI → Received $163M+ in borrowed ETH → Likely being mixed through Tornado Cash as we speak Exploit transaction: 0x1ae232da212c45f35c1525f851e4c41d529bf18af862d9ce9fd40bf709db4222 THE IMPACT ON AAVE $AAVE was NOT directly hacked but the protocol is now sitting on a $236M bad debt hole. The rsETH used as collateral is now worth zero. The WETH loans will never be repaid. The positions are unliquidatable. The numbers in 24h: - $AAVE price: -22% over 7 days ($115 → $90) - TVL: -16.78% ($21.96B) - Exchange inflows: +$22.6M (16x normal average) - Smart Trader outflows: -$248k - Top PnL wallets outflows: -$2.4M Emergency measures: 🔒 rsETH/wrsETH markets frozen on all V3/V4 instances 🔒 WETH frozen on Core, Prime, Arbitrum, Base, Mantle, Linea WHO'S GOING TO PAY? You, if you staked $aETHWETH on AAVE. The Umbrella module will automatically take a portion of your stake to cover the losses. How it works: 1. UmbrellaCore monitors bad debt on-chain 2. When threshold is exceeded → slash() is called automatically 3. Pro-rata burn of vault shares 4. No governance vote required, it's automatic Withdrawal cooldown: 20 days. This isn't a bug. It's by design. You signed up for this in the terms. HISTORICAL COMPARISON This hack joins the podium of biggest bridge exploits: 🥇 Ronin (2022): $625M - 5/9 validator compromise 🥈 Wormhole (2022): $326M - Signature verification bug 🥉 Kelp DAO (2026): $293M - 1-of-1 DVN compromise 4️⃣ Nomad (2022): $190M - Merkle root flaw Common pattern: trust assumptions on cross-chain validators. Total bridge hacks since 2022: >$2.8 billion (~40% of all Web3 hacks). MY TAKEAWAYS 1. A code audit ≠ a config audit. Kelp's code was audited. The 1-of-1 DVN configuration apparently wasn't. 2. One validator = one point of failure. Industry standard: minimum 2-of-3. Kelp: 1-of-1. It was a ticking time bomb. 3. LRTs as collateral = systemic risk. Liquid Restaking Tokens add layers of complexity that current oracles can't evaluate in real-time. 4. DeFi remains the Wild West. $293M stolen with $250 in gas. Attacker's ROI: 586,000,000%. 🔍 TO FOLLOW THE CASE Wallet to monitor (fund consolidation): 0x5d3919f12bcc35c26eee5f8226a9bee90c257ccc The funds are likely being mixed through Tornado Cash as you read this post. This wasn't an AAVE hack, it was a hack of trust. One mischecked box. A "default" config. $293M gone. Welcome to DeFi. If this post was useful, share it. More people need to understand that DeFi security isn't just about code. And if you have $aWETH staked on AAVE... you know what to do. #Hack #CyberSecurity #OnChainAnalysis $AAVE {spot}(AAVEUSDT)

AAVE: someone stole $293 million with $250 in gas fees

Yesterday, someone stole $293 million with $250 in gas fees. No zero-day vulnerability. No broken code. Just a mischecked box in a configuration file.

Let me explain.

THE TIMELINE
- April 18, 2026, 11:05 AM UTC.
An anonymous wallet receives 0.1 ETH from Tornado Cash. Cost: ~$250.
For 6 hours, nothing happens.
Then at 5:35 PM, this wallet executes ONE SINGLE function call on the Kelp DAO contract.
And 116,500 rsETH appear out of thin air.
Value: $293 million.

🔓 THE VULNERABILITY (explained simply)
Imagine a vault with 3 locks. Standard security practice says: "you need 2 out of 3 keys to open it." But Kelp DAO configured their LayerZero bridge differently: "1 key is enough."

That "key" was a DVN (Decentraized Verifier Network). ONE SINGLE validator.

Exact configuration:
→ requiredDVNCount: 1
→ optionalDVNCount: 0
The attacker compromised this single node, forged a fake cross-chain message saying "send 116k rsETH to this address," and the contract obeyed. This wasn't a code bug, it was a deployment misconfiguration.
Audits check code. Not always the config.

THE HEIST (in 46 minutes)

5:35 PM → Exploit: mint of 116,500 unbacked rsETH

5:36-5:42 PM → Distribution to 7 intermediate wallets:
- 53,000 rsETH → 0x1f4c1c
- 30,000 rsETH → 0xeba786
- 10,000 rsETH → 0xcbb24a
- 8,000 rsETH → 0x1b748b
- 6,000 rsETH → 0xbb6a60
- 5,000 rsETH → 0x8d11ae
- 4,500 rsETH → 0xe9e2f4

5:45-6:00 PM → Deposited as collateral on AAVE V3, Compound V3, AAVE Arbitrum

6:00 PM+ → Borrowed $236M in WETH against this "collateral"

6:15 PM → Consolidated to a single wallet

The problem?
These rsETH have ZERO real value. They're worthless. But the lending protocol oracles couldn't know that.

THE ATTACKER'S ADDRESSES

I traced the entire flow on-chain:

Main wallet (exploiter): 0x8B1b6c
→ Funded via Tornado Cash 0.1 ETH Pool
→ Executed the fraudulent lzReceive() call

Profit consolidation wallet:
ETH Millionaire 0x5d391: app.nansen.ai/profiler?addre…
→ Labeled "ETH Millionaire" by #NansenAI
→ Received $163M+ in borrowed ETH
→ Likely being mixed through Tornado Cash as we speak

Exploit transaction:
0x1ae232da212c45f35c1525f851e4c41d529bf18af862d9ce9fd40bf709db4222

THE IMPACT ON AAVE

$AAVE was NOT directly hacked but the protocol is now sitting on a $236M bad debt hole.
The rsETH used as collateral is now worth zero.
The WETH loans will never be repaid.
The positions are unliquidatable.

The numbers in 24h:
- $AAVE price: -22% over 7 days ($115 → $90)
- TVL: -16.78% ($21.96B)
- Exchange inflows: +$22.6M (16x normal average)
- Smart Trader outflows: -$248k
- Top PnL wallets outflows: -$2.4M

Emergency measures:
🔒 rsETH/wrsETH markets frozen on all V3/V4 instances
🔒 WETH frozen on Core, Prime, Arbitrum, Base, Mantle, Linea

WHO'S GOING TO PAY?
You, if you staked $aETHWETH on AAVE.

The Umbrella module will automatically take a portion of your stake to cover the losses.

How it works:
1. UmbrellaCore monitors bad debt on-chain
2. When threshold is exceeded → slash() is called automatically
3. Pro-rata burn of vault shares
4. No governance vote required, it's automatic

Withdrawal cooldown: 20 days. This isn't a bug. It's by design. You signed up for this in the terms.

HISTORICAL COMPARISON

This hack joins the podium of biggest bridge exploits:

🥇 Ronin (2022): $625M - 5/9 validator compromise
🥈 Wormhole (2022): $326M - Signature verification bug
🥉 Kelp DAO (2026): $293M - 1-of-1 DVN compromise
4️⃣ Nomad (2022): $190M - Merkle root flaw

Common pattern: trust assumptions on cross-chain validators.

Total bridge hacks since 2022: >$2.8 billion (~40% of all Web3 hacks).

MY TAKEAWAYS

1. A code audit ≠ a config audit. Kelp's code was audited. The 1-of-1 DVN configuration apparently wasn't.

2. One validator = one point of failure. Industry standard: minimum 2-of-3. Kelp: 1-of-1. It was a ticking time bomb.

3. LRTs as collateral = systemic risk. Liquid Restaking Tokens add layers of complexity that current oracles can't evaluate in real-time.

4. DeFi remains the Wild West. $293M stolen with $250 in gas. Attacker's ROI: 586,000,000%.

🔍 TO FOLLOW THE CASE

Wallet to monitor (fund consolidation):
0x5d3919f12bcc35c26eee5f8226a9bee90c257ccc

The funds are likely being mixed through Tornado Cash as you read this post.

This wasn't an AAVE hack, it was a hack of trust.
One mischecked box. A "default" config. $293M gone.

Welcome to DeFi.

If this post was useful, share it. More people need to understand that DeFi security isn't just about code.

And if you have $aWETH staked on AAVE... you know what to do.

#Hack #CyberSecurity #OnChainAnalysis

$AAVE
#Hack 🚨 $290 million in losses: LayerZero accuses Kelp DAO of security breaches New details of the Kelp DAO hack, which was carried out by the North Korean group Lazarus (TraderTraitor). LayerZero published a report, clearly indicating the cause: human error and dangerous configuration. 🔍 How it happened (Technical "multi-stepper"): 1. RPC node poisoning: Hackers replaced the software on two nodes, forcing them to "selectively lie". The nodes issued fake data only to LayerZero verifier requests, remaining "honest" for others to avoid monitoring. 2. DDoS attack: To disable healthy external nodes, Lazarus launched a DDoS. The system automatically failed over to the same servers "poisoned" by hackers. 3. Withdrawal: After receiving confirmation of the fake transaction, the Kelp bridge released 116,500 rsETH to the attackers. The malware then self-destructed. ⚠️ The main mistake: "1-of-1" LayerZero claims that the Kelp DAO ignored the recommendations and used a 1-of-1 DVN configuration. • How it was: Only one verifier (LayerZero Labs) confirmed transactions. It was compromised through the infrastructure - and the protection collapsed. • How it should have been: A decentralized network of verifiers (Multi-DVN). Even if one verifier "went crazy", the others would not have allowed the theft to be confirmed. 🛑 Market implications: • LayerZero Labs announced that they will no longer support applications with a "1-of-1" configuration. This is a forced migration to multi-verification for the entire protocol. • Protocol Security: This is not a bug in the LayerZero code. This is a configuration error in a specific integrator (Kelp). Other applications (OFT tokens) are safe. • Lazarus Group is at the peak of activity: in the last 18 days they have withdrawn over $575 million from DeFi (Drift + Kelp), each time using new methods.
#Hack
🚨 $290 million in losses: LayerZero accuses Kelp DAO of security breaches

New details of the Kelp DAO hack, which was carried out by the North Korean group Lazarus (TraderTraitor). LayerZero published a report, clearly indicating the cause: human error and dangerous configuration.

🔍 How it happened (Technical "multi-stepper"):
1. RPC node poisoning: Hackers replaced the software on two nodes, forcing them to "selectively lie". The nodes issued fake data only to LayerZero verifier requests, remaining "honest" for others to avoid monitoring.
2. DDoS attack: To disable healthy external nodes, Lazarus launched a DDoS. The system automatically failed over to the same servers "poisoned" by hackers.
3. Withdrawal: After receiving confirmation of the fake transaction, the Kelp bridge released 116,500 rsETH to the attackers. The malware then self-destructed.

⚠️ The main mistake: "1-of-1"
LayerZero claims that the Kelp DAO ignored the recommendations and used a 1-of-1 DVN configuration.
• How it was: Only one verifier (LayerZero Labs) confirmed transactions. It was compromised through the infrastructure - and the protection collapsed.
• How it should have been: A decentralized network of verifiers (Multi-DVN). Even if one verifier "went crazy", the others would not have allowed the theft to be confirmed.

🛑 Market implications:
• LayerZero Labs announced that they will no longer support applications with a "1-of-1" configuration. This is a forced migration to multi-verification for the entire protocol.
• Protocol Security: This is not a bug in the LayerZero code. This is a configuration error in a specific integrator (Kelp). Other applications (OFT tokens) are safe.
• Lazarus Group is at the peak of activity: in the last 18 days they have withdrawn over $575 million from DeFi (Drift + Kelp), each time using new methods.
VoLoDyMyR7:
Цікава інформація 🤝👍🔥
📊 Aave in Crisis: rsETH Exploit Sparks $7B TVL Collapse and -15% Drop Amid Inflow Surge. In total, cumulative inflows across exchanges exceeded 355,000 AAVE, or approximately $32M. Against this backdrop, the $AAVE token experienced a sharp correction of around -15% on the day, reflecting both system-wide stress among investors and a clear deterioration in sentiment toward the protocol. #hack #crypto
📊 Aave in Crisis: rsETH Exploit Sparks $7B TVL Collapse and -15% Drop Amid Inflow Surge. In total, cumulative inflows across exchanges exceeded 355,000 AAVE, or approximately $32M. Against this backdrop, the $AAVE token experienced a sharp correction of around -15% on the day, reflecting both system-wide stress among investors and a clear deterioration in sentiment toward the protocol. #hack

#crypto
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هابط
#AAVE mất 10 tỷ Dollar giá trị TVL chỉ trong 48h. Vụ hack giao thức KelpDAO đã gây ảnh hưởng đến một trong những mảnh ghép DeFi quan trọng nhất thế giới. $AAVE #Hack
#AAVE mất 10 tỷ Dollar giá trị TVL chỉ trong 48h.

Vụ hack giao thức KelpDAO đã gây ảnh hưởng đến một trong những mảnh ghép DeFi quan trọng nhất thế giới.

$AAVE #Hack
$292 milhões roubados da Kelp DAO — o maior hack de 2026 Um atacante drenou 116.500 rsETH da bridge da Kelp DAO, cerca de 18% do supply em circulação, desencadeando congelamentos de emergência no Aave, SparkLend, Fluid e Upshift. Isto levantou uma questão séria: o DeFi está preparado para escalar com segurança? A comunidade já fala em "o pior ano para hacks". Segurança primeiro, sempre. 🔐 Se o DeFi foi hackeado por $292M esta semana, ainda confiam nos protocolos descentralizados? O hack da Kelp DAO abalou a confiança de muita gente. Mas a tecnologia blockchain continua intacta — o problema foi a bridge. DeFi está morto ou é apenas mais um obstáculo no caminho para a maturidade? Comentem ⬇️ #DeFi #Hack #KelpDAO #CryptoSecurity
$292 milhões roubados da Kelp DAO — o maior hack de 2026
Um atacante drenou 116.500 rsETH da bridge da Kelp DAO, cerca de 18% do supply em circulação, desencadeando congelamentos de emergência no Aave, SparkLend, Fluid e Upshift. Isto levantou uma questão séria: o DeFi está preparado para escalar com segurança? A comunidade já fala em "o pior ano para hacks". Segurança primeiro, sempre. 🔐

Se o DeFi foi hackeado por $292M esta semana, ainda confiam nos protocolos descentralizados?
O hack da Kelp DAO abalou a confiança de muita gente. Mas a tecnologia blockchain continua intacta — o problema foi a bridge. DeFi está morto ou é apenas mais um obstáculo no caminho para a maturidade? Comentem ⬇️
#DeFi #Hack #KelpDAO #CryptoSecurity
🚨 Aave in Crisis: $6.6 Billion Deposits Vanish 🚨 After the Kelp DAO hack, Aave is left with $196 Million BAD DEBT 😱 💥 Impact: 🔴 TVL dropped -$6.6 Billion 🔴 AAVE price crashed to $92 (-16%) 🔴 stkAAVE holders might be forced to cover losses if reserves run out ⚠️ This exposes major structural risks in DeFi. Extreme caution advised! 🛑 $AAVE #KelpDAO #DeFi #Hack #CryptoNews
🚨 Aave in Crisis: $6.6 Billion Deposits Vanish 🚨

After the Kelp DAO hack, Aave is left with $196 Million BAD DEBT 😱

💥 Impact:
🔴 TVL dropped -$6.6 Billion
🔴 AAVE price crashed to $92 (-16%)
🔴 stkAAVE holders might be forced to cover losses if reserves run out ⚠️

This exposes major structural risks in DeFi. Extreme caution advised! 🛑

$AAVE #KelpDAO #DeFi #Hack #CryptoNews
🐳 The OTC whale who previously bought 163,405 $ETH ($440M) and 4,000 $cbBTC ($296M) has withdrawn 98,032 $wstETH ($272M) and 3,000 $cbBTC ($221.6M) from Aave. Affected by the KelpDAO rsETH bridge exploit, he was unable to withdraw $ETH, so he directly swapped 7,438 aEthWETH ($16.83M) into 1,930 $stETH and 5,272 $ETH, taking a loss of 237 $ETH ($540K). He still has 10,000 $ETH ($22.8M) remaining on Aave. #hack #crypto
🐳 The OTC whale who previously bought 163,405 $ETH ($440M) and 4,000 $cbBTC ($296M) has withdrawn 98,032 $wstETH ($272M) and 3,000 $cbBTC ($221.6M) from Aave. Affected by the KelpDAO rsETH bridge exploit, he was unable to withdraw $ETH, so he directly swapped 7,438 aEthWETH ($16.83M) into 1,930 $stETH and 5,272 $ETH, taking a loss of 237 $ETH ($540K). He still has 10,000 $ETH ($22.8M) remaining on Aave. #hack

#crypto
🕵️ DeFiLlama Co-founder 0xngmi on Kelp DAO rsETH Hack, 3 Potential Paths: - Socialize losses across all users 18.5% haircut → ~$216M bad debt on Aave. Umbrella covers $55M, Aave treasury covers $85M, leaving $76M gap (can be filled by borrowing or selling ~$51M $AAVE from treasury). - Rug rsETH holders on L2s Creates ~$341M bad debt on Aave (mainly Arbitrum, Mantle, Base). No Umbrella coverage, Aave would have to absorb everything. - Compensate using pre-hack snapshot Very difficult due to heavy fund flows and pooled liquidity. Even after Umbrella, remaining loss would still be ~$91M. #hack #crypto
🕵️ DeFiLlama Co-founder 0xngmi on Kelp DAO rsETH Hack, 3 Potential Paths:

- Socialize losses across all users

18.5% haircut → ~$216M bad debt on Aave. Umbrella covers $55M, Aave treasury covers $85M, leaving $76M gap (can be filled by borrowing or selling ~$51M $AAVE from treasury). - Rug rsETH holders on L2s

Creates ~$341M bad debt on Aave (mainly Arbitrum, Mantle, Base). No Umbrella coverage, Aave would have to absorb everything. - Compensate using pre-hack snapshot

Very difficult due to heavy fund flows and pooled liquidity. Even after Umbrella, remaining loss would still be ~$91M. #hack

#crypto
{alpha}(560x0e63b9c287e32a05e6b9ab8ee8df88a2760225a9) KelpDAO hack rattles the DeFi tape, and $GUN $SUPER $PIEVERSE are now watching for spillover risk ⚠️ A reported $290M exploit, possibly tied to Lazarus-style tactics, is the kind of event that makes liquidity pull back fast. With no other cross-chain assets affected so far, the market may price this less as a broader contagion and more as a targeted security shock, but whales will stay defensive until the full attack path is confirmed. Not financial advice. Manage your risk and protect your capital. #CryptoNews #DeFi #Hack #Altcoins #Web3 ⚡ {future}(SUPERUSDT) {future}(GUNUSDT)
KelpDAO hack rattles the DeFi tape, and $GUN $SUPER $PIEVERSE are now watching for spillover risk ⚠️

A reported $290M exploit, possibly tied to Lazarus-style tactics, is the kind of event that makes liquidity pull back fast. With no other cross-chain assets affected so far, the market may price this less as a broader contagion and more as a targeted security shock, but whales will stay defensive until the full attack path is confirmed.

Not financial advice. Manage your risk and protect your capital.

#CryptoNews #DeFi #Hack #Altcoins #Web3

{alpha}(560x0e63b9c287e32a05e6b9ab8ee8df88a2760225a9) KelpDAO hack rattles the DeFi tape, and $GUN $SUPER $PIEVERSE are now watching for spillover risk ⚠️ A reported $290M exploit, possibly tied to Lazarus-style tactics, is the kind of event that makes liquidity pull back fast. With no other cross-chain assets affected so far, the market may price this less as a broader contagion and more as a targeted security shock, but whales will stay defensive until the full attack path is confirmed. Not financial advice. Manage your risk and protect your capital. #CryptoNews #DeFi #Hack #Altcoins #Web3 ⚡ {future}(SUPERUSDT) {future}(GUNUSDT)
KelpDAO hack rattles the DeFi tape, and $GUN $SUPER $PIEVERSE are now watching for spillover risk ⚠️

A reported $290M exploit, possibly tied to Lazarus-style tactics, is the kind of event that makes liquidity pull back fast. With no other cross-chain assets affected so far, the market may price this less as a broader contagion and more as a targeted security shock, but whales will stay defensive until the full attack path is confirmed.

Not financial advice. Manage your risk and protect your capital.

#CryptoNews #DeFi #Hack #Altcoins #Web3

🤔 OneKey Founder Yishi on Handling the KelpDAO Hack 1. Best case: negotiate with the hacker and offer a 10-15% bounty. 2. If talks fail, let the LayerZero ecosystem fund cover most of the loss. 3. KelpDAO is the weakest. compensate with tokens + future revenue, or sell the whole project to L0 or BMNR. 4. Aave’s Umbrella and stkAAVE serve as the final backstop, but WETH depositors must not take any haircut, otherwise it would trigger repricing across Morpho, Spark, Fluid, Euler, blacklist the LRT sector, and set #DeFi back by years. 5. He believes Aave can survive this. #hack #crypto
🤔 OneKey Founder Yishi on Handling the KelpDAO Hack

1. Best case: negotiate with the hacker and offer a 10-15% bounty. 2. If talks fail, let the LayerZero ecosystem fund cover most of the loss. 3. KelpDAO is the weakest. compensate with tokens + future revenue, or sell the whole project to L0 or BMNR. 4. Aave’s Umbrella and stkAAVE serve as the final backstop, but WETH depositors must not take any haircut, otherwise it would trigger repricing across Morpho, Spark, Fluid, Euler, blacklist the LRT sector, and set #DeFi back by years. 5. He believes Aave can survive this. #hack

#crypto
🚨 MASSIVE HACK: Kelp DAO Exploited for $292M 🚨 Hackers stole 116,500 rsETH via LayerZero bridge vulnerability 🕳️ They then used these fake assets as collateral on Aave to borrow real ETH, creating $177M BAD DEBT 📉 💥 Impact: 🔴 AAVE price dumped -19% 🔴 ETH Utilization hit 100% ⚠️ Users CANNOT WITHDRAW right now! 🔴 Over $5.4 Billion outflow from the protocol 🔴 Justin Sun withdrew 65,584 ETH (~$154M) amid panic 😳 Major DeFi protocols are freezing markets to contain the damage. Extreme caution advised! 🛑 $AAVE $ETH $TRX #KelpDAO #Aave #DeFi #Hack #CryptoNews
🚨 MASSIVE HACK: Kelp DAO Exploited for $292M 🚨

Hackers stole 116,500 rsETH via LayerZero bridge vulnerability 🕳️
They then used these fake assets as collateral on Aave to borrow real ETH, creating $177M BAD DEBT 📉

💥 Impact:
🔴 AAVE price dumped -19%
🔴 ETH Utilization hit 100% ⚠️ Users CANNOT WITHDRAW right now!
🔴 Over $5.4 Billion outflow from the protocol
🔴 Justin Sun withdrew 65,584 ETH (~$154M) amid panic 😳

Major DeFi protocols are freezing markets to contain the damage. Extreme caution advised! 🛑
$AAVE $ETH $TRX
#KelpDAO #Aave #DeFi #Hack #CryptoNews
مقالة
The Biggest DeFi Hack of 2026: $293 Million Gone in 46 MinutesOn April 18, 2026, KelpDAO suffered what is now confirmed as the largest decentralized finance exploit of the year - a targeted attack on its LayerZero-powered cross-chain bridge that drained approximately 116,500 rsETH, valued at around $292 to $293 million at the time of the incident. Key Takeaways KelpDAO lost roughly $293 million in rsETH on April 18.The attacker minted unbacked tokens through a flaw in the cross-chain bridge and immediately used them as collateral on Aave.AAVE token dropped up to 14% within hours.By mid-April 2026, DeFi losses for the year have already crossed $450 million across roughly 45 protocols. The attacker, whose initial funding was traced to Tornado Cash, identified and exploited a critical flaw in rsETH's minting logic. Rather than providing actual collateral, the wallet was able to mint rsETH tokens without backing - effectively printing value out of nothing. The stolen tokens were then deposited into Aave V3 and V4, where they were used as collateral to borrow a substantial volume of WETH. By the time Kelp's emergency "pauseAll" function was triggered - 46 minutes after the first successful drain - the protocol had already lost the bulk of its funds. Two subsequent attempts by the same attacker to drain an additional $100 million were blocked by that pause mechanism, but the damage from the initial transaction had already settled across the ecosystem. The Fallout for Aave and the Broader Market Aave's exposure to the unbacked collateral left the lending protocol carrying an estimated $177 to $196 million in bad debt - a figure significant enough to activate conversation around its Umbrella safety module, which holds approximately $50 million and is expected to be used to partially cover the deficit. WETH suppliers on Aave have been warned they may face a haircut on their deposits, meaning the losses will not be absorbed entirely by the protocol's treasury. The AAVE token itself dropped 14% in the hours following the news. rsETH saw trading volume spike by more than 100,000% as holders scrambled to exit positions before further price deterioration. Other lending platforms reacted quickly. SparkLend, Fluid, and Upshift all froze rsETH markets within hours to prevent further bad debt accumulation, while on-chain investigator ZachXBT identified six wallet addresses linked to the theft that are being monitored for any movement of funds. Why LRTs as Collateral Carry Serious Risk The incident has reignited debate around the risk profile of Liquid Restaking Tokens when used as collateral in money markets. rsETH, like similar LRT assets, carries layered complexity - it represents a claim on restaked ETH across multiple validator sets and protocols, making its real-time valuation harder to verify under stress. When that complexity meets a minting flaw in a bridge contract, the result is precisely what happened on April 18: a cascade from a single exploit point into bad debt across multiple platforms. A Brutal Year for DeFi Security This attack did not happen in a vacuum. By mid-April 2026, cumulative losses across the DeFi sector have reached between $450 and $482 million, spread across approximately 44 to 45 protocols. The KelpDAO incident is the largest single event, but it follows a string of significant breaches that started almost immediately in January. The Drift Protocol hack on April 1 cost the Solana-based perpetual futures exchange $285 million. In that case, attackers used social engineering to manipulate Security Council members into pre-signing transactions using Solana's durable nonces feature, gaining admin control and withdrawing real assets including USDC and SOL within 12 minutes. In March, Resolv Labs lost $80 million after an attacker deposited roughly $200,000 and exploited a flaw in the completeSwap() function to mint $80 million in unbacked USR stablecoins - a move that sent the token's peg down 74%. Step Finance lost between $27.3 and $40 million in early February following a private key compromise that gave attackers access to unstake and withdraw approximately 261,854 SOL, with the team subsequently announcing the shutdown of the core platform. Truebit lost $26.2 million in January through an integer overflow vulnerability that allowed attackers to manipulate the minting and burning of TRU tokens. Infrastructure Is the New Target What these incidents collectively point to is a structural shift in how DeFi is being attacked. Pure smart contract code exploits are no longer the dominant vector. Infrastructure-level attacks - private key theft, social engineering, and compromised frontends - accounted for approximately 76% of losses in early 2026. The Axios supply chain attack, where malicious versions of the widely-used npm package were published with hidden malware for system reconnaissance, illustrated how far outside the on-chain environment these threats have moved. AI-assisted phishing and so-called pig butchering scams have also scaled sharply, with some estimates pointing to a 500% increase in AI-enabled fraudulent outreach compared to the same period in 2025. For KelpDAO specifically, the path forward will depend on whether the protocol can establish a credible recovery plan for affected rsETH holders and how Aave structures the absorption of its bad debt. Neither question has a clean answer yet. #defi #Hack

The Biggest DeFi Hack of 2026: $293 Million Gone in 46 Minutes

On April 18, 2026, KelpDAO suffered what is now confirmed as the largest decentralized finance exploit of the year - a targeted attack on its LayerZero-powered cross-chain bridge that drained approximately 116,500 rsETH, valued at around $292 to $293 million at the time of the incident.

Key Takeaways
KelpDAO lost roughly $293 million in rsETH on April 18.The attacker minted unbacked tokens through a flaw in the cross-chain bridge and immediately used them as collateral on Aave.AAVE token dropped up to 14% within hours.By mid-April 2026, DeFi losses for the year have already crossed $450 million across roughly 45 protocols.
The attacker, whose initial funding was traced to Tornado Cash, identified and exploited a critical flaw in rsETH's minting logic. Rather than providing actual collateral, the wallet was able to mint rsETH tokens without backing - effectively printing value out of nothing. The stolen tokens were then deposited into Aave V3 and V4, where they were used as collateral to borrow a substantial volume of WETH. By the time Kelp's emergency "pauseAll" function was triggered - 46 minutes after the first successful drain - the protocol had already lost the bulk of its funds. Two subsequent attempts by the same attacker to drain an additional $100 million were blocked by that pause mechanism, but the damage from the initial transaction had already settled across the ecosystem.
The Fallout for Aave and the Broader Market
Aave's exposure to the unbacked collateral left the lending protocol carrying an estimated $177 to $196 million in bad debt - a figure significant enough to activate conversation around its Umbrella safety module, which holds approximately $50 million and is expected to be used to partially cover the deficit. WETH suppliers on Aave have been warned they may face a haircut on their deposits, meaning the losses will not be absorbed entirely by the protocol's treasury. The AAVE token itself dropped 14% in the hours following the news. rsETH saw trading volume spike by more than 100,000% as holders scrambled to exit positions before further price deterioration.
Other lending platforms reacted quickly. SparkLend, Fluid, and Upshift all froze rsETH markets within hours to prevent further bad debt accumulation, while on-chain investigator ZachXBT identified six wallet addresses linked to the theft that are being monitored for any movement of funds.
Why LRTs as Collateral Carry Serious Risk
The incident has reignited debate around the risk profile of Liquid Restaking Tokens when used as collateral in money markets. rsETH, like similar LRT assets, carries layered complexity - it represents a claim on restaked ETH across multiple validator sets and protocols, making its real-time valuation harder to verify under stress. When that complexity meets a minting flaw in a bridge contract, the result is precisely what happened on April 18: a cascade from a single exploit point into bad debt across multiple platforms.
A Brutal Year for DeFi Security
This attack did not happen in a vacuum. By mid-April 2026, cumulative losses across the DeFi sector have reached between $450 and $482 million, spread across approximately 44 to 45 protocols. The KelpDAO incident is the largest single event, but it follows a string of significant breaches that started almost immediately in January.
The Drift Protocol hack on April 1 cost the Solana-based perpetual futures exchange $285 million. In that case, attackers used social engineering to manipulate Security Council members into pre-signing transactions using Solana's durable nonces feature, gaining admin control and withdrawing real assets including USDC and SOL within 12 minutes. In March, Resolv Labs lost $80 million after an attacker deposited roughly $200,000 and exploited a flaw in the completeSwap() function to mint $80 million in unbacked USR stablecoins - a move that sent the token's peg down 74%. Step Finance lost between $27.3 and $40 million in early February following a private key compromise that gave attackers access to unstake and withdraw approximately 261,854 SOL, with the team subsequently announcing the shutdown of the core platform. Truebit lost $26.2 million in January through an integer overflow vulnerability that allowed attackers to manipulate the minting and burning of TRU tokens.
Infrastructure Is the New Target
What these incidents collectively point to is a structural shift in how DeFi is being attacked. Pure smart contract code exploits are no longer the dominant vector. Infrastructure-level attacks - private key theft, social engineering, and compromised frontends - accounted for approximately 76% of losses in early 2026. The Axios supply chain attack, where malicious versions of the widely-used npm package were published with hidden malware for system reconnaissance, illustrated how far outside the on-chain environment these threats have moved. AI-assisted phishing and so-called pig butchering scams have also scaled sharply, with some estimates pointing to a 500% increase in AI-enabled fraudulent outreach compared to the same period in 2025.
For KelpDAO specifically, the path forward will depend on whether the protocol can establish a credible recovery plan for affected rsETH holders and how Aave structures the absorption of its bad debt. Neither question has a clean answer yet.
#defi #Hack
Kelp DAO, a liquid restaking protocol connected to EigenLayer, was exploited on April 18, 2026. Around $292 million worth of $RSETH was drained through its LayerZero cross-chain bridge. The attacker forged a cross-chain message that the system accepted as valid, even though no real deposit happened on the source chain. This allowed them to mint or unlock about 116,500 rsETH without any actual ETH backing it. The stolen rsETH was then sent to Aave, a major DeFi lending protocol, where it was used as collateral to borrow large amounts of real ETH and wrapped ETH. By the time protocols responded, much of the borrowed ETH had already moved. A second attack was nearly executed that could have drained another $100M, but a rapid blacklist response stopped it just before it went through. Kelp DAO paused rsETH contracts across mainnet and several Layer-2 chains. Aave froze the $RSETH markets. Compound, Euler Labs, and Venus Protocol also reviewed and adjusted their exposure. The failure is reported to have happened in the Decentralized Verifier Network layer, which is responsible for confirming cross-chain messages, not in the core smart contracts themselves. This points to a configuration weakness in how external validation was trusted. The exploit was first reported by the blockchain investigator ZachCBT and is now considered one of the largest DeFi incidents of 2026, showing how a single bridge failure can spread risk across the entire DeFi ecosystem within minutes. #KelpDAO #security #Hack #Hacked #exploit
Kelp DAO, a liquid restaking protocol connected to EigenLayer, was exploited on April 18, 2026. Around $292 million worth of $RSETH was drained through its LayerZero cross-chain bridge.

The attacker forged a cross-chain message that the system accepted as valid, even though no real deposit happened on the source chain. This allowed them to mint or unlock about 116,500 rsETH without any actual ETH backing it.

The stolen rsETH was then sent to Aave, a major DeFi lending protocol, where it was used as collateral to borrow large amounts of real ETH and wrapped ETH. By the time protocols responded, much of the borrowed ETH had already moved.

A second attack was nearly executed that could have drained another $100M, but a rapid blacklist response stopped it just before it went through.

Kelp DAO paused rsETH contracts across mainnet and several Layer-2 chains. Aave froze the $RSETH markets. Compound, Euler Labs, and Venus Protocol also reviewed and adjusted their exposure.

The failure is reported to have happened in the Decentralized Verifier Network layer, which is responsible for confirming cross-chain messages, not in the core smart contracts themselves. This points to a configuration weakness in how external validation was trusted.

The exploit was first reported by the blockchain investigator ZachCBT and is now considered one of the largest DeFi incidents of 2026, showing how a single bridge failure can spread risk across the entire DeFi ecosystem within minutes.

#KelpDAO #security #Hack #Hacked #exploit
Kelp DAO là dự án DeFi tiếp theo bị hack trong năm 2026 với số tiền thiệt hại là 293 triệu Dollar. Aave cũng bị ảnh hưởng nợ xấu bởi vụ hack này. #kelpdao $AAVE #Hack $ETH
Kelp DAO là dự án DeFi tiếp theo bị hack trong năm 2026 với số tiền thiệt hại là 293 triệu Dollar.

Aave cũng bị ảnh hưởng nợ xấu bởi vụ hack này.

#kelpdao $AAVE #Hack $ETH
🚨 BREAKING: Kelp DAO Exploited! Losses $292 Million 😱 Hackers stole 116,500 rsETH via LayerZero bridge vulnerability 🕳️ Then used these tokens to borrow WETH on Aave, leaving $177 Million BAD DEBT 📉 Impact: 🔴 AAVE price dumped -10% to -13% 🔴 ETH also under pressure 🔴 Major DeFi protocols freeze rsETH markets immediately ⚠️ Extreme caution if holding rsETH or have positions on Aave! $AAVE $ETH #KelpDAO #Aave #DeFi #Hack #CryptoNews
🚨 BREAKING: Kelp DAO Exploited! Losses $292 Million 😱

Hackers stole 116,500 rsETH via LayerZero bridge vulnerability 🕳️
Then used these tokens to borrow WETH on Aave, leaving $177 Million BAD DEBT 📉

Impact:
🔴 AAVE price dumped -10% to -13%
🔴 ETH also under pressure
🔴 Major DeFi protocols freeze rsETH markets immediately

⚠️ Extreme caution if holding rsETH or have positions on Aave!
$AAVE $ETH
#KelpDAO #Aave #DeFi #Hack #CryptoNews
🥷 Kelp DAO rsETH Bridge Exploit Drains ~$292M, Aave Freezes Markets Kelp DAO’s rsETH cross-chain bridge was exploited, resulting in the drainage of approximately 116,500 rsETH through LayerZero-related contract calls, valued at about $292 million. The #protocol has paused core contracts to prevent further attempts and is currently investigating with LayerZero and Unichain. Aave has also frozen rsETH markets while assessing potential bad debt. #hack #crypto
🥷 Kelp DAO rsETH Bridge Exploit Drains ~$292M, Aave Freezes Markets

Kelp DAO’s rsETH cross-chain bridge was exploited, resulting in the drainage of approximately 116,500 rsETH through LayerZero-related contract calls, valued at about $292 million. The #protocol has paused core contracts to prevent further attempts and is currently investigating with LayerZero and Unichain. Aave has also frozen rsETH markets while assessing potential bad debt. #hack

#crypto
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