Traders don’t see Kelp socializing losses after $292 million exploit

Traders don’t see Kelp socializing losses after $292 million exploit

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailTraders don’t see Kelp socializing losses after $292 million exploit Polymarket prices low odds of a system-wide redistribution, as the protocol weighs how to handle an undercollateralized rsETH supplyBy Sam Reynolds|Edited by Sheldon Reback Apr 22, 2026, 9:25 a.m. Make preferred on Kelp is unlikely to share the exploit's losses across all users, according to Polymarket. (Klara Kulikova/Unsplash)What to know: A Polymarket contract suggests only a 14% chance that Kelp DAO will spread the losses from the $292 million rsETH exploit across all holders.The hack drained about 116,500 rsETH from a LayerZero-powered bridge spanning more than 20 blockchains, leaving some rsETH undercollateralized and certain users effectively holding partially un

Source: https://www.coindesk.com/markets/2026/04/22/traders-don-t-see-kelp-socializing-losses-after-usd292-million-exploit