Ethereum restaking protocol Kelp said on Sept. 15 that it detected suspicious activity involving an address that received rsETH several hours earlier and has placed a temporary 24-hour pause on that address. During the restriction window, rsETH cannot be transferred into or out of the address.
Kelp said its contracts remain secure and that rsETH is still fully collateralized. The protocol added that minting, withdrawals, and integrations are operating normally, and users do not need to take any action.
The update followed an earlier alert from Blockaid, which said an unidentified user’s Safe wallet on Ethereum had been compromised. Confirmed losses currently stand at about $7.73 million in rsETH.
The statement limits the action to a specific address rather than describing a protocol-wide shutdown.
Ethereum restaking protocol Kelp said on Sept. 15 that it had detected suspicious activity involving an address that received rsETH several hours earlier.
The team said it has imposed a temporary 24-hour pause on that address. During that period, rsETH cannot be transferred into or out of the address.
Kelp says core protocol functions remain normal
According to Kelp, its contracts remain secure and rsETH is still fully collateralized. Minting, withdrawals, and integrations are continuing to operate normally, and users do not need to take any action.
Earlier alert pointed to a Safe wallet compromise
In an earlier update, Blockaid said an unidentified user’s Safe wallet on Ethereum was attacked, with confirmed losses currently at about $7.73 million in rsETH.
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