The rsETH bridging protocol of Kelp DAO is suspected to have been hacked, resulting in a loss of approximately 292 million dollars

On-chain data shows that the Kelp DAO's rsETH bridging protocol based on LayerZero has allegedly been exploited by hackers, resulting in a loss of 116,500 rsETH, worth approximately $292 million.

Kelp DAO officials stated that they have detected suspicious cross-chain activities involving rsETH, and have now suspended the rsETH contracts on the mainnet and multiple Layer2s. They are working with security experts and will provide updates on the situation.