Ethereum

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.