🚨 BREAKING: Kelp DAO Hit in 2026’s Largest DeFi Exploit
📉 The Loss: Approximately $292 million (116,500 rsETH) drained from the @KelpDAO rsETH bridge.
🛠️ The Vector: Exploit targeting the LayerZero-powered bridge; initial forensics suggest a private key compromise.
🏦 The Fallout: Attacker used stolen assets to borrow ~$236M in WETH on Aave, leaving the protocol with potential bad debt.
⚠️ Current Status:
• Kelp DAO has paused core contracts across mainnet and L2s.
• Aave (V3/V4), SparkLend, and Fluid have frozen all rsETH markets.
• Aave’s Umbrella safety module may be triggered to offset the deficit.
Stay tuned for the official post-mortem. #DeFi #KelpDAO #CryptoSecurity #rsETH $BTC
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