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The Nexus
SECURITYApr 19 · 00:24 UTCR/DEFI/u/Bluejumprabbit

KelpDAO rsETH $290M hack incident is another bridge exploit

A $290M exploit occurred involving KelpDAO's rsETH due to suspicious cross-chain activity, leading to paused contracts on mainnet and L2s. The issue stems from vulnerabilities in L2 liquidity management, highlighting ongoing risks in decentralized finance (DeFi) bridge designs.

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