Kelp DAO rsETH Bridge Exploit Drains About $292M; Aave Freezes rsETH Markets

Kelp DAO said its rsETH cross-chain bridge was exploited, with roughly 116,500 rsETH siphoned off through LayerZero-related contract calls. The stolen funds are valued at about $292 million at current prices. The protocol has paused its core contracts to stop further attempts and said it is investigating alongside LayerZero and Unichain. Aave has frozen its rsETH markets and is reviewing potential bad-debt exposure.