2026's biggest crypto exploit: $292 million gets drained from Kelp DAO with wrapped ether stranded across 20 chains
CoinDesk·60-word summary·1 min read
On April 15, 2026, an attacker drained $292 million worth of wrapped ether (rsETH) from Kelp DAO’s LayerZero-powered bridge, removing 116,500 rsETH, about 18% of its circulating supply. The exploit caused emergency freezes across multiple platforms, including Aave, SparkLend, Fluid, and Upshift, marking one of the largest crypto breaches of 2026.
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