DeFi

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.

Wrapped XRP goes live on Solana, broadening DeFi access

Wrapped XRP (wXRP) launched on Solana on April 18 via Hex Trust, bringing XRP into Solana DeFi through Phantom, Jupiter, Meteora. $1.2M minted in the first day.

How to use XRP on Solana — wXRP explained

Decrypt walks through using XRP on Solana: Hex Trust bridges XRP as wXRP SPL tokens, usable in Jupiter, Meteora, Phantom. Trust-based, not trustless.

Wrapped XRP launches on Solana; more chains planned

The Block says wXRP's Solana launch is step one of Hex Trust's multichain plan covering Ethereum, Optimism, HyperEVM. Wintermute and GSR to seed liquidity.

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.