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KelpDAO Cross-Chain Exploit Steals $290M in Restaked Ethereum in April 2026

Security Incidents

2026-06-16 05:37:05

ETH2.61%

According to Bitcoin.com News, a cross-chain exploit of KelpDAO in April 2026 resulted in the theft of approximately $290 million in restaked Ethereum assets. The vulnerability occurred not in the smart contract itself, but in the separately trusted verifier network that the bridge architecture depended on.

In response, Albert Dadon, founder of the privacy-preserving chain AEREDIUM, argues that financial networks must shift rule enforcement from governance structures to hardware enclaves to achieve true credible neutrality independent of sovereign pressure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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