Kelp pauses rsETH transfers for 24 hours after $7.73 million wallet attack

  • Kelp temporarily suspended rsETH transfers after detecting suspicious activity involving one address.
  • The attacked Safe wallet lost about $7.73 million in rsETH.
  • Kelp said its contracts, collateralization, minting, withdrawals and integrations remain operational.

Kelp has temporarily suspended rsETH transfers for 24 hours after monitoring detected suspicious activity involving an address that received the token several hours earlier. The measure prevents rsETH from being transferred into or out of that address during the pause. Kelp said its contracts remain secure, rsETH is fully collateralized, and minting, withdrawals and integrations continue to function normally, so users do not need to take action. The incident followed an attack on an unidentified Ethereum user's Safe wallet, which resulted in a confirmed loss of about $7.73 million in rsETH.

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