The KelpDAO rsETH Exploit: $292M Minted From a 1-of-1 Bridge
https://defiprime.com/kelpdao-rseth-exploit
https://defiprime.com/kelpdao-rseth-exploit
Defiprime
The KelpDAO rsETH Exploit: $292M Minted From a 1-of-1 Bridge
A single-signer DVN on KelpDAO's LayerZero bridge let an attacker mint 116,500 unbacked rsETH and walk out with ~$236M in WETH from Aave. Here's the full on-chain breakdown, who pays, and what it says about liquid restaking.
