Kelp DAO Suffers $292M Bridge Hack, Aave Freezes rsETH Markets
Kelp DAO exploited via LayerZero cross-chain messaging vulnerability, losing ~$292M in rsETH. Attacker moved funds to lending protocols causing $280M bad debt. Aave, Lido, Ethena freeze related markets. AAVE token drops 10%. This is the largest DeFi hack of 2026 to date.








