How the KelpDAO Hack Exposed Cross-Chain Weaknesses Across DeFi

Yash Dalal24 May, 2026Business

On April 20, someone drained 116,500 rsETH, roughly $292 million , from KelpDAO’s bridge in a single transaction. The exploit didn’t involve a clever contract vulnerability or a compromised key. It came down to a misconfiguration so basic that it shouldn’t have existed on a mainnet bridge handling nine figures in user funds.