Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains

Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains

An attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp's LayerZero-powered bridge on Saturday, triggering emergency freezes across Aave, SparkLend, Fluid and Upshift.

XRP Validator Reports $280 Million Compromise On Ethereum and Arbitrum

A major security incident has drawn attention across decentralized finance systems in early 2026. Blockchain investigator ZachXBT (@zachxbt) reported that a $280 million compromise involving KelpDAO positions is currently unfolding across Ethereum and Arbitrum. On-chain tracking shows rapid movement of funds after initial access. The attacker interacted with multiple DeFi positions, executed transfers, and consolidated assets into fewer wallets.…

KelpDAO Hack Triggers $280M Crypto Drainage And Pushes Aave Into Bad Debt

A shocking hack shaken the entire decentralized finance (DeFi) network this weekend. Particularly, on Saturday, the hack of the renowned KelpDAO has led to a theft of more than $280M across Arbitrum and Ethereum. As per the data from “mufettis,” the KelpDAO hack has resulted in hefty debt on Aave, a popular decentralized lending entity. The attacker borrowed $ETH coins against $rsETH after minting them and laundered the drained funds via Tornado…

Crypto hack worth US$290 million triggers DeFi contagion shock

HACKERS exploited a cross-chain bridge on Saturday (Apr 18), draining nearly US$300 million from a key piece of decentralised finance infrastructure and setting off a ripple effect across multiple cry...

AAVE Price Drops After DeFi Exploit Triggers Liquidation Cascade — Is $85 Next?

The post AAVE Price Drops After DeFi Exploit Triggers Liquidation Cascade — Is $85 Next? appeared on BitcoinEthereumNews.com. The post AAVE Price Drops After DeFi Exploit Triggers Liquidation Cascade — Is $85 Next? appeared first on Coinpedia Fintech News Aave is dealing with the aftermath of a DeFi exploit, but the real damage came after. The event sparked a liquidation cascade that wiped out leveraged positions and pushed the price into a weak…

Kelp DAO Exploited for $294M Due to Cross Chain Vulnerability in DeFi Security

The decentralized finance sector has suffered another tragic hack, this time Kelp DAO losing an estimated $294 million in a massive exploit. In a matter of minutes, attackers took advantage of the vulnerability to mint nearly 116,500 rsETH tokens worth almost $293.72 million that had no underlying assets. According to early reports, the attacker quickly utilized minted tokens via various protocols, converting and deploying funds for maximum prof…