KelpDAO Suffers $292 Million DeFi Loss Amid Growing Whale-Targeted Attacks

A recent attack on KelpDAO has resulted in the loss of over $292 million from its DeFi positions on Ethereum and Arbitrum.

The attackers, who have been identified by on-chain investigator ZachXBT, initially funded their wallets through Tornado Cash before draining the funds from multiple DeFi protocols.

The incident follows a growing trend of phishing and social engineering attacks targeting high-value holders, with a single phishing victim losing $284 million in January 2026 alone.

KelpDAO has not publicly addressed the incident, but security analysts are expected to publish a deeper analysis in the coming hours.