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Inside the KelpDAO Bridge Exploit
Here's what we know about the KelpDAO Exploit, what the on-chain evidence shows, and why this class of exploit requires a different kind of monitoring.
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news.bitcoin.com
Incident Report: Llamarisk, Aave Service Providers Detail Kelp rsETH Hack Across Ethereum and Arbitrum Markets
A bridge exploit drained 116,500 rsETH from Kelp's OFT adapter on April 18, exposing Aave V3 to up to $230M in potential bad debt.
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chainalysis.com
Inside the KelpDAO Bridge Exploit
Here's what we know about the KelpDAO Exploit, what the on-chain evidence shows, and why this class of exploit requires a different kind of monitoring.
- ·
Cryptoquant: KelpDAO Hack 'Contagion' Triggers Worst DeFi Liquidity Crunch Since 2024
The KelpDAO rsETH exploit on April 18 drained $15B from Aave TVL and sent stablecoin borrow rates to 14%, per Cryptoquant.