An attacker drained 116,500 rsETH, estimated at $292 million, from Kelp DAO's LayerZero-powered bridge. This exploit, which represents approximately 18% of rsETH's circulating supply, occurred on a Saturday. The incident led to emergency freezes across several protocols, including Aave, SparkLend, Fluid, and Upshift. The attack involved wrapped ether being stranded across 20 chains, highlighting a significant security breach within the DAO's ecosystem.

An attacker drained 116,500 rsETH, estimated at $292 million, from Kelp DAO's LayerZero-powered bridge. This exploit, which represents approximately 18% of rsETH's circulating supply, occurred on a Saturday. The incident led to emergency freezes across several protocols, including Aave, SparkLend, Fluid, and Upshift. The attack involved wrapped ether being stranded across 20 chains, highlighting a significant security breach within the DAO's ecosystem.