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Kelp DAO's rsETH bridging protocol is suspected to have been hacked, resulting in a loss of approximately $292 million.
ChainCatcher news, on-chain data shows that Kelp DAO’s rsETH bridging protocol based on LayerZero was allegedly exploited by hackers, resulting in a loss of 116,500 rsETH, worth approximately $292 million.
Kelp DAO officials stated that suspicious cross-chain activity involving rsETH has been detected, and the mainnet along with multiple Layer2 rsETH contracts have been suspended. They are working with security experts and will provide updates later.