Browse by topic

Kelp DAO hit for $292M, wrapped ether stranded across 20 chains

Restaking protocol Kelp DAO lost $292M in a LayerZero bridge attack, with wrapped ether collateral stranded across ~20 networks and systemic risk for the $18B+ restaking sector.

Kelp's rsETH bridge exploited for ~$292M in LayerZero-based attack

Kelp's LayerZero-based rsETH bridge was exploited for ~$292M; the emergency pauser multisig froze contracts within 46 minutes, blocking two follow-up attempts.

Kelp restaking protocol drained for $293M via LayerZero bridge

Ethereum liquid restaking giant Kelp DAO lost $293M in a LayerZero bridge exploit, freezing rsETH collateral across 20+ chains and cascading into 9 downstream protocols.

Crypto market liquidations hit $820M as Bitcoin taps $78K

Crypto markets saw $820M in 24h liquidations as BTC hit $78K; 72% were short positions per Coinglass, the biggest short imbalance since January.

Spot Bitcoin ETFs attract ~$1B in weekly inflows

Spot BTC ETFs saw ~$1B weekly inflows through April 18, led by BlackRock IBIT (~60%). Cointelegraph says it validates buying the geopolitical dip.

Price predictions 4/17: BTC, ETH, XRP, BNB, SOL and more

Cointelegraph's April 17 analysis: BTC at $78K eyes $80K resistance, ETH $3.2K, XRP $2.85, SOL $185. Warn of $820M liquidations elevating reversal risk.

Kelp restaking protocol drained for $293M via LayerZero bridge

Ethereum liquid restaking giant Kelp DAO lost $293M in a LayerZero bridge exploit, freezing rsETH collateral across 20+ chains and cascading into 9 downstream protocols.

Kelp DAO hit for $292M, wrapped ether stranded across 20 chains

Restaking protocol Kelp DAO lost $292M in a LayerZero bridge attack, with wrapped ether collateral stranded across ~20 networks and systemic risk for the $18B+ restaking sector.

Kelp's rsETH bridge exploited for ~$292M in LayerZero-based attack

Kelp's LayerZero-based rsETH bridge was exploited for ~$292M; the emergency pauser multisig froze contracts within 46 minutes, blocking two follow-up attempts.

Kraken's parent to acquire CFTC-regulated exchange Bitnomial

Payward (Kraken's parent) is buying Bitnomial for its CFTC DCM license, accelerating Kraken's US derivatives rollout in response to Coinbase's push.

Circle unveils USDC Bridge for native cross-chain stablecoin transfers

Circle's USDC Bridge burns USDC on source chain and mints native USDC on destination, avoiding the wrapped-token model behind the Kelp DAO exploit.

Congress nears stablecoin bill making regulated dollars act like digital cash

House bill would let approved stablecoin issuers (Circle, Paxos) issue tokens usable as digital cash without transaction KYC. Algorithmic stablecoins excluded.