Chainalysis: Kelp DAO exploit was an off-chain attack, not a bug
April 23, 2026, 7:16 PM
Chainalysis has released an analysis report stating that the recent $292 million Kelp DAO bridge exploit was an attack on off-chain infrastructure, not a smart contract bug. The report explained that the hacker tricked the system into issuing rsETH even though the corresponding assets had not been burned upstream.
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