Lazarus Group exploits KelpDAO bridge flaw, siphons $228M in ETH

CoinDesk reports that the Lazarus Group's latest exploit targeting the KelpDAO bridge has rattled the Ethereum community. The attackers reportedly minted about $300 million worth of rsETH and drained $228.21 million worth of ETH from AAVE and Compound. Ethereum was trading at [price] on April 13. Market participants flagged the $1,800 level as a key threshold, with sentiment reading at 100% "Yes" on the view that ETH is holding above $1,800. Traders are now watching for signs of stress across DeFi, particularly any knock-on effects tied to potential bad debt at AAVE. Despite the headline theft, market trading volume has not shown a meaningful spike, pointing to a cautious, wait-and-see posture. The Lazarus attribution and the $228.21 million figure are seen as potential catalysts for volatility. Confidence that ETH can remain above $1,800 hinges on whether platforms such as AAVE disclose additional vulnerabilities or bad-debt exposure. With volumes muted, traders appear to be assessing the fallout rather than fully repricing risk. Focus areas include updates from AAVE and LayerZero on the incident. Any clarification around bad debt or structural weaknesses could quickly shift sentiment. A decisive break below key support could signal weakening confidence. API access: Get predictive market intelligence via structured API sources. Join the waitlist early.