Kelp DAO’s rsETH Cross-Chain Bridge Reportedly Exploited for Nearly $300 Million
A brief alert said Kelp DAO’s rsETH bridge may have suffered a major exploit, pointing to potential losses of nearly $300 million.
Summary
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Terms & Concepts
Cross-chain bridge: A protocol that moves assets between different blockchains, often by locking tokens on one network and issuing representations on another.
rsETH: A crypto asset associated with Kelp DAO, referenced in the report as the token linked to the affected bridge.