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

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