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#rsETHAttackUpdate April 24, 2026
Over the past week, the hashtag has dominated crypto Twitter. A sophisticated attack on KelpDAO, a leading liquid restaking protocol, has not only caused a staggering $290 million in losses but also triggered a cascading meltdown across DeFi — prompting over $10 billion in withdrawals and an unprecedented "freeze" of a major Layer 2 network.
Here's the complete breakdown of the incident, the technical flaws behind it, and the latest developments as of April 24, 2026.
1.