The Protocol: Kelp DAO exploited for $292 million

The Protocol: Kelp DAO exploited for $292 million

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enTechShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailThe Protocol: Kelp DAO exploited for $292 millionAlso: DPRK hacking crypto, Aave contagion and Coinbase on quantum computing.By Margaux Nijkerk|Edited by Nikhilesh De Apr 22, 2026, 4:22 p.m. Make preferred on What to know: Welcome to The Protocol, CoinDesk's weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. Network NewsKELP DAO EXPLOIT: A cross-chain bridge holding nearly a fifth of a restaked ether token's circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO's LayerZero-powered bridge at 17:35 UTC over the weekend, worth roughly $292 millio

Source: https://www.coindesk.com/tech/2026/04/22/the-protocol-kelp-dao-exploited-for-usd292-million