Kelp DAO's rsETH bridge apparently exploited for roughly $292 million in LayerZero-based attack
Kelp DAO's rsETH bridge apparently exploited for roughly $292 million in LayerZero-based attack
An attacker seemingly drained 116,500 rsETH from Kelp DAO’s LayerZero-powered cross-chain bridge on Saturday, worth approximately $292 million at current market prices.Kelp’s emergency pauser multisig froze the protocol’s core contracts roughly 46 minutes after the successful drain, blocking two follow-up attempts.Neither Kelp nor parent protocol KernelDAO have publicly acknowledged the incident as of publication.Aave responded by freezing rsETH markets on Aave V3 and V4 and said any potential bad debt could be offset with Umbrella assets.This is a developing story.