Kelp DAO bridge exploit triggers $ZRO slide; HyperLiquid whale hit with $2.88M liquidation loss

ChainCatcher reports that on-chain analyst Onchain Lens (@OnchainLens) said Kelp DAO sustained roughly $294 million in losses following a crosschain bridge exploit. The incident pushed $ZRO down to about $1.4 from $2. On HyperLiquid, a whale's leveraged long in $ZRO was partially liquidated, realizing a $2.88 million loss. The whale continues to hold the position, with unrealized losses of more than $750,000 and cumulative losses estimated at around $28.98 million.