KelpDAO exploit triggers unauthorized mint of 116,500 rsETH; hacker nets 106,466 ETH worth $250M

ME News reported that on April 19 (UTC+8), on-chain analyst Yujin detected an overnight exploit affecting KelpDAO. The attacker allegedly minted 116,500 rsETH without authorization, with potential losses estimated at up to $293 million. Most of the rsETH was deposited into Aave as collateral to borrow ETH, while a smaller share was swapped into ETH. Combining borrowed funds and sales proceeds, the hacker accumulated 106,466 ETH, valued at about $250 million. (Source: PANews)