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Lido EarnETH Vault Exposed to $21.6M rsETH Following Kelp Bridge Exploit, DAO Sets $3M Loss Protection

On April 18, a Kelp cross-chain bridge exploit led to the theft of $292 million in rsETH. Lido reported $21.6 million in exposure via its EarnETH vault, prompting Aave to freeze relevant markets. EarnETH has paused transactions and is deleveraging, while Lido's DAO treasury implemented a $3 million protection mechanism to cover potential losses. The core staking protocol remains unaffected.
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ZRO3,26%