Kelp Restaking Platform Hit by Devastating $293M Exploit, Triggering DeFi Contagion
A major security breach at the Kelp liquid restaking platform has resulted in losses estimated at $293 million, sending shockwaves through the decentralized finance sector. The attack, which occurred on April 18, 2026, exploited a vulnerability in the platform’s bridge contract for its restaking token, rsETH. According to blockchain security firm Cyvers, the incident has […]
