ZachXBT first flagged the incident<\/a><\/strong>, noting that funds were drained simultaneously across the Ethereum and Arbitrum networks.<\/p>\n\n\n\nProtocol Halt Limits the Damage<\/h2>\n\n\n\n Kelp DAO\u2019s response came less than an hour after the attack. The emergency multi-sig wallet activated a full protocol pause, which blocked key components including deposits, withdrawals, and the rsETH token itself.<\/p>\n\n\n\n
This intervention proved critical. Two subsequent attempts to drain additional funds\u2014totaling roughly 40,000 rsETH (approximately $100 million)\u2014failed after the transactions were reverted by the network.<\/p>\n\n\n\n
Had these attacks succeeded, total losses could have reached nearly $400 million, making the incident one of the largest in DeFi history.<\/p>\n\n\n\n
Cross-Chain Bridges Under Pressure Again<\/h2>\n\n\n\n Initial data suggests the attack targeted LayerZero\u2019s OFT (Omnichain Fungible Token) infrastructure\u2014a key component that enables asset transfers between different blockchains.<\/p>\n\n\n\n
The stolen 116,500 rsETH represents about 18% of the total circulating supply of the token, which is used within the liquid restaking ecosystem and deployed across more than 20 networks, including Arbitrum, Base, and Mantle.<\/p>\n\n\n\n
The incident once again calls into question the security of cross-chain solutions. These remain a vulnerable point in DeFi infrastructure despite advancements in audits and defensive mechanisms.<\/p>\n\n\n\n
Market Reacts With Caution<\/h2>\n\n\n\n Following news of the attack, sentiment in the DeFi segment soured as investors began re-evaluating risks surrounding liquid restaking protocols and multichain architectures.<\/p>\n\n\n\n
Kelp DAO stated they are working with partners, auditors, and security experts to determine the root cause of the attack while the investigation continues.<\/p>\n\n\n\n
The case highlights a central paradox in the crypto industry: as infrastructure becomes more complex and interconnected, the danger of attacks grows\u2014particularly where different networks intersect.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kelp DAO suffers a $300 million exploit targeting rsETH on Ethereum and Arbitrum. Emergency pauses prevented an additional $100 million in losses.<\/p>\n","protected":false},"author":104,"featured_media":191475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[385,424,271,387],"coin_category":[],"class_list":["post-191476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-arbitrum","tag-crypto","tag-ethereum","tag-mantle"],"acf":[],"yoast_head":"\n
Kelp DAO Exploited for $300 Million via LayerZero Bridge - CryptoDnes EN<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n