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#KelpDAOBridgeHacked
🚨 KelpDAO Bridge Hack Shakes DeFi Ecosystem – $292M Drained!
The crypto space witnessed a major security incident as the KelpDAO cross-chain bridge was exploited, resulting in the loss of approximately $292 million worth of rsETH. The attack targeted vulnerabilities in the bridge’s verification mechanism, allowing malicious transactions to be executed without proper validation.
According to early reports, the stolen assets were quickly moved across multiple DeFi protocols, raising concerns about cross-chain bridge security and systemic risk in the ecosystem. Several platforms responded by freezing affected markets to contain further damage.
This incident highlights once again that bridge infrastructure remains one of the most critical attack surfaces in DeFi, pushing developers and protocols to rethink security models and multi-layer verification systems.
As investigations continue, the crypto community is closely watching for updates and potential recovery efforts.
#DeFiSecurity #CryptoHack #BlockchainNews #CryptoAlert