Kelp restaking platform exploited, $293M drained in attack

Kelp restaking platform exploited, $293M drained in attack

3.99%TRX$0.3275 0.22%LINK$9.22 3.52%ADA$0.2481 3.51%BCH$445.11 2.02%XRP$1.42 2.65%ETH$2,340 2.68%BTC$75,531 1.93%XMR$352.95 1.89%BNB$623.25 2.78%XLM$0.1709 2.13%SOL$85.60 3.12%HYPE$43.37 4.16%USD Written by Vince Quill,Staff WriterReviewed by Robert Lakin,Staff EditorKelp restaking platform exploited, $293M drained in attack5 hours agoThe attack caused a "cross-protocol contagion" that has impacted at least nine crypto protocols, blockchain security firm Cyvers said. Kelp, a liquid restaking protocol, was the victim of a cyber attack on Saturday, causing the platform to pause smart contracts for its restaking token (rsETH), as it “investigates” the attack amid reports of hundreds of millions of dollars in losses. “Earlier today, we identified suspicious cross-chain activity involving rsETH. We have paused rsETH contracts across mainnet and several Layer-2s,” the Kelp platform said in an

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