#KelpDAOFacesAttack
🚀Kelp DAO, a prominent liquid restaking protocol on Ethereum with over $1.5 billion in TVL, faced a massive cyber attack on April 19, 2026. Hackers exploited its LayerZero-powered cross-chain bridge, draining approximately 116,500 rsETH—worth around $293 million and representing about 18% of the token's circulating supply.e411f4
💵💯The attacker manipulated the bridge to release funds to a controlled address, triggering widespread concern across DeFi. Kelp DAO quickly paused rsETH contracts on mainnet and multiple Layer 2 networks while investigating the suspicious activity. The exploit has been labeled the largest DeFi theft of 2026 so far, with ripple effects including emergency freezes on platforms like Aave.1f8dbe