"The KelpDAO exploiter drained approximately $292 million from the liquid restaking protocol's Layerzero-powered bridge on April 18, in what has become the largest decentralized finance (DeFi) exploit of 2026."
"Following the Arbitrum freeze, the KelpDAO hacker moved all 75,701 ETH remaining on Ethereum and began laundering the funds. Security firm Peckshield flagged the specific laundering route."
"The freeze recovered approximately 29% of the ether the exploiter had accumulated across chains following the original breach, showcasing the effectiveness of the Arbitrum Security Council's intervention."
The KelpDAO exploiter drained approximately $292 million from a liquid restaking protocol on April 18, marking the largest DeFi exploit of 2026. Following an emergency freeze by the Arbitrum Security Council on 30,766 ETH, the attacker transferred 75,701 ETH to the Ethereum mainnet. The funds are being laundered through Thorchain, Umbra Cash, and Chainflip. This incident adds to over $600 million in DeFi losses within three weeks, as total value locked (TVL) in DeFi has fallen by 25%.
Read at news.bitcoin.com
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