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### **Kelp DAO Exploit: $292M Security Breach** On **April 18, 2026**, liquid restaking protocol **Kelp DAO** suffered a massive exploit on its cross-chain bridge, resulting in the theft of **116,500 rsETH** (approximately **$292 million**). ### **Key Highlights** * **The Vector:** The attacker exploited the **LayerZero-powered rsETH bridge**, specifically manipulating the lzReceive function to trigger an unauthorized release of funds. * **Execution:** The attacker’s wallet was pre-funded via **Tornado Cash** to hide their identity. * **The Response:** Kelp DAO’s multisig team paused the protocol **46 minutes** after the breach, successfully preventing two additional drain attempts. * **Status:** All core contracts remain **paused** while Kelp DAO and LayerZero conduct a forensic investigation. ### **Quick Stats** * **Total Loss:** $292,000,000 * **Asset Type:** rsETH (Liquid Restaked Token) * **Timeline:** Attack occurred at 17:35 UTC; protocol paused at 18:21 UTC. $BTC $ETH $BNB #KelpDAOFacesAttack #IranRejectsSecondRoundTalks #AltcoinRecoverySignals? #ARKInvestReducedPositionsinCircleandBullish #RheaFinanceReleasesAttackInvestigation