Kelp pauses rsETH deposits and withdrawals for 24 hours after spotting suspicious activity
AI Market Summary
Kelp temporarily suspended rsETH deposits/withdrawals for 24 hours after detecting suspicious activity linked to an address that received rsETH, following reports of a compromised Safe wallet with ~$7.73m in rsETH losses. While Kelp states contracts remain secure and rsETH is fully collateralized, the incident elevates smart-contract and operational risk perceptions around Ethereum restaking, potentially tightening liquidity and increasing risk premia across restaking-related tokens.
Impact level
● Medium
Affected assets
ETHFI/USDT-5.19%
AI Insight · ETHFI/USDTAI Insight
▼ Bearish
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Ethereum restaking protocol Kelp said it has identified suspicious activity involving an address that received rsETH several hours earlier, according to Mars Finance. The team has placed the address under a 24-hour temporary freeze, during which rsETH deposits and withdrawals are disabled.
Kelp said its contracts remain secure and rsETH is still fully collateralized. Minting, withdrawals and integrations are operating as usual, and users do not need to take any action.
Separately, Blockaid monitoring previously flagged a compromised Safe wallet on Ethereum tied to an unknown user, with confirmed losses of about $7.73 million in rsETH.
