Kelp DAO's rsETH Bridge Hit by Multi-Million Dollar LayerZero-Based Attack

A major decentralized finance (DeFi) hack has been reported involving Kelp DAO's rsETH bridge, with estimated losses reaching around $292 million. The breach is attributed to a LayerZero-based attack that exploited a weakness in the bridge's protocol.

Details surrounding the incident are still emerging, but it appears that malicious actors were able to access and withdraw significant amounts of Ethereum (ETH) from the bridge. The exact nature of the vulnerability and how it was exploited remain unclear at this time.