Kelp DAO Shifts rsETH to Chainlink After $292M LayerZero Exploit

Retail Capitulation Hits AAVE, But Smart Money Starts Positioning: Here The Post-Crisis Market Structure

Aave entered April 2026 as DeFi’s most trusted lending protocol. It is ending the month navigating the most damaging crisis in its history — one that did not require a single line of its own code to be broken. The attack began at Kelp DAO, where an attacker exploited a vulnerability in the rsETH bridge to drain approximately $292 million in stolen tokens. What followed was not an isolated protocol incident. The attacker deposited the stolen rsET…

Kelp Moves rsETH to Chainlink After $292M Exploit

Kelp is moving rsETH from LayerZero to Chainlink CCIP. The April exploit drained about 116,500 rsETH, worth roughly $292 million. LINK outperformed as traders priced security as market share. When a protocol loses nearly $300 million and switches infrastructure providers, is the market buying recovery or voting for a new standard?  Kelp DAO moved rsETH off LayerZero and onto Chainlink CCIP after a major exploit. About $292M in rsETH was drained,…

Aave Completes Liquidation of Kelp DAO Hacker’s Remaining rsETH Position

BitcoinWorld Aave Completes Liquidation of Kelp DAO Hacker’s Remaining rsETH Position Aave has finalized the liquidation of the remaining rsETH collateral tied to the Kelp DAO hacker, marking a significant step in the recovery process following one of the largest DeFi exploits of the year. The liqui...

After Disputing LayerZero Claims, KelpDAO Prepares Chainlink CCIP Migration

KelpDAO has publicly disputed claims made by LayerZero Labs regarding the April 18, 2026, exploit. In the latest post on X, it argued that the incident stemmed from failures within LayerZero’s infrastructure rather than any misconfiguration on its own platform. According to KelpDAO, attackers exploited LayerZero’s systems, resulting in the loss of more than $300 million across multiple DeFi protocols. The team further revealed that two additiona…

Kelp DAO Shifts rsETH to Chainlink After $292M LayerZero Exploit

Kelp DAO migrates rsETH to Chainlink CCIP after $292M LayerZero exploit, citing security concerns over LayerZero's cross-chain infrastructure. (Read More)

KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP

Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs’ account of the incident, alleging that the bridge provider is deflecting blame for its own infrastructure failures. The Dispute Over Network Configuration KelpDAO has issued a blistering response to Layerzero Labs following an April 18 exploit that drained more than […]