Kelp DAO rsETH bridge exploited for ~$292M
Three independent sources confirm that Ethereum liquid-restaking protocol Kelp DAO lost approximately $292–293M on April 18 via an attack on its LayerZero-based rsETH bridge. All three sources agree on the attack vector, the scale of loss, the 46-minute emergency multisig pause, and the cross-protocol contagion affecting 9+ downstream DeFi protocols. Sources diverge on whether the attack is systemic for the restaking sector or contained to Kelp's specific bridge implementation.
Consensus
Loss was $292-293M in wETH collateral, attack executed via LayerZero-based rsETH bridge on April 18.
Cited by: cointelegraph.com, www.coindesk.com, www.theblock.co
Kelp's emergency pauser multisig froze core contracts 46 minutes after the initial drain, blocking two follow-up attempts.
Cited by: cointelegraph.com, www.theblock.co
Cross-protocol contagion impacted at least 9 downstream protocols using rsETH as collateral.
Cited by: cointelegraph.com, www.coindesk.com
Divergence
Is the exploit systemic to the restaking sector or contained to Kelp's bridge implementation?
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