Kelp states that suspicious cross-chain activity involving rsETH prompted contract pauses on mainnet and multiple Layer 2 networks, while comments from Ryan Sean Adams add broader context about rising crypto hack concerns.
Kelp said it detected suspicious cross-chain activity involving rsETH and paused rsETH contracts on Ethereum mainnet and multiple Layer 2 networks. According to the protocol’s official statement, it is working with LayerZero, Unichain, and security experts on a root cause analysis. Bankless co-founder Ryan Sean Adams said crypto hacks have reached an all-time high and linked the trend to AI, referencing Kelp DAO’s roughly $292 million incident. The new details add context to AUSD’s earlier precautionary decision to temporarily pause its LayerZero OFT bridges until the rsETH incident is better understood.