TL;DR Evercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino. The lawsuit concerns the April exploit that drained 116,500 rsETH, worth about $292 million at the […]
Crypto hack counts just set a record. The warning in TRM Labs’ latest data is where the money is actually being lost. In its H1 2026 crypto hack review, TRM Labs said attackers carried out […]
Attackers drained roughly $292 million from KelpDAO’s bridge this month, then used the released tokens as collateral on lending protocols that were never originally hacked. The result is a textbook example of how one failure […]
TLDR Kelp DAO completed the operational phase of its rsETH recovery plan. The recovery followed a $293M exploit linked to North Korea’s Lazarus Group. The final 20,373.72 rsETH tranche was sent to LayerZero’s OFT adapter. […]
Summary On April 18, 2026, attackers linked to North Korea’s Lazarus Group stole ~$292 million (116,500 rsETH) from KelpDAO’s LayerZero bridge. Crucially, this was not a smart contract hack, but a sophisticated attack on off-chain […]
Attackers drained roughly $292 million from KelpDAO’s bridge this month, then used the released tokens as collateral on lending protocols that were never originally hacked. The result is a textbook example of how one failure […]
KelpDAO’s liquid restaking token, rsETH, has become the center of a major DeFi recovery effort after a hack estimated at roughly $290 million. The latest development came on Thursday, when Lido Finance unveiled a proposal […]
Arbitrum’s Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance action to unlock. […]
LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperability protocol blamed Kelp’s 1-of-1 verifier configuration for the incident. Related Reading LayerZero Blames KelpDAO For $290M […]
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