Tagged: kelp dao

May 27, 2026 @ 6:32 pm By Omar Faridi  |  

Kelp DAO has announced the completion of its comprehensive recovery efforts for rsETH, its liquid restaking token. This milestone arrives roughly five weeks after a significant exploit that had been reported initially on April 18, 2026, that saw approximately 116,500 to 117,132 rsETH tokens—valued at… Read More

May 17, 2026 @ 2:26 pm By Omar Faridi  |  

The $293 million breach at KelpDAO represents a watershed event in decentralized finance, illustrating how threats have evolved beyond traditional code exploits. Attackers bypassed smart contract defenses entirely by targeting RPC nodes and a centralized verification setup, exposing critical gaps in the operational backbone of… Read More

May 13, 2026 @ 11:47 pm By Omar Faridi  |  

LayerZero, a cross-chain messaging protocol, has publicly apologized for its handling of communications following a major security incident involving Kelp DAO. In a detailed update released on its official blog, the company admitted shortcomings in its initial response and took direct responsibility for a critical… Read More

May 6, 2026 @ 12:01 pm By Omar Faridi  |  

Kelp DAO has announced it will replace LayerZero with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the backbone for bridging its rsETH liquid restaking token. The change, disclosed on May 5, reflects ongoing efforts to fortify operations after a major April security incident that exposed vulnerabilities… Read More

April 30, 2026 @ 11:42 am By Omar Faridi  |  

A collaborative alliance of decentralized finance ecosystem participants has stepped forward with a detailed technical roadmap to fully reinstate collateral support for Kelp DAO’s rsETH token. This initiative comes in direct response to a major security breach on April 18 that resulted in the unauthorized… Read More

April 28, 2026 @ 3:56 pm By Omar Faridi  |  

The “decentralized” governance body of lending protocol Aave has advanced a governance proposal to allocate 25,000 ETH from its treasury toward a collective recovery initiative. The funds would flow to DeFi United, a newly formed coalition of prominent protocols working to stabilize the ecosystem after… Read More

April 26, 2026 @ 5:24 pm By Omar Faridi  |  

CoinGecko pointed out that a major DeFi security lapse in cross-chain infrastructure has left billions in crypto assets exposed. According to the latest analysis from CoinGecko, the wake-up call stems from the $292 million hack of Kelp DAO on April 18, 2026—the largest DeFi exploit… Read More

April 24, 2026 @ 7:44 am By Omar Faridi  |  

The Mantle network has put forward a draft proposal to extend a substantial credit line to DeFi protocol Aave. The initiative aims to help the leading lending protocol manage substantial uncollectible positions stemming from a recent high-profile security breach involving Kelp DAO’s restaked Ethereum token…. Read More

April 22, 2026 @ 12:09 pm By JD Alois  |  

In just the first few months of 2026, DeFi has struggled with hacks and exploits, including a loss topping $600 miillion in April. Estimates place the total pilfered at around $750–800 million, driven largely by two large incidents. The largest DeFi exploit of 2026 was… Read More

April 20, 2026 @ 2:39 pm By Omar Faridi  |  

Kelp DAO, a key player in the Ethereum restaking ecosystem, has encountered a severe security breach involving its cross-chain bridge, leading to the significant depletion of its rsETH token reserves. The incident, which unfolded over the weekend, underscores ongoing vulnerabilities in decentralized finance infrastructure, particularly… Read More