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The rsETH cross-chain bridge under Kelp DAO was attacked, resulting in losses of approximately $292 million.

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PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews April 19 news, according to The Block, the rsETH cross-chain bridge under Kelp DAO was attacked. The attacker withdrew about 116,500 rsETH from the bridge through LayerZero related contract calls, equivalent to approximately 292 million dollars at current prices; the protocol paused its core contract and prevented further attack attempts about 46 minutes later. The Kelp team stated that they have suspended the rsETH contracts on the mainnet and multiple L2s for investigation. Additionally, the team is collaborating with LayerZero, Unichain, auditors, and top security experts for a root cause analysis.

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Selected Articles by PANews

27 minutes ago
Due to the drop in ZRO, a large whale's long position faced partial liquidation, resulting in a loss of 2.88 million dollars.
32 minutes ago
LayerZero: Actively repairing with the KelpDAO team, other applications remain secure.
46 minutes ago
Analysis: Over 5.4 billion dollars in assets urgently withdrawn from Aave, protocols like Spark take on lending demand.
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