Kelp DAO: 89.5K ETH Still Missing

Published by

Sohrab Khawas

April 24, 2026

After one of 2026’s largest DeFi exploits, Kelp DAO is working with Aave and ecosystem partners to recover losses tied to rsETH. The attack, which involved minting unbacked tokens through a compromised cross-chain setup, created a major deficit across lending platforms. From the initial 163,200 ETH shortfall, around 43,000 ETH has been recovered and 30,700 ETH secured, leaving roughly 89,500 ETH still unresolved, while partners like Mantle, EtherFi, Lido, and Golem have pledged 43,500 ETH to help close the gap.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news