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One misconfigured node. $292M gone.
Kelp DAO has published the official root cause. The attacker compromised a LayerZero RPC node and exploited a default config flaw in the 1/1 DVN setup, forging cross-chain messages to mint 116,500 unauthorized rsETH.
The fallout so far:
- Aave DAO confirmed bad debt between $123.7M and $230.1M; 0xngmi estimates worst case at $341M
- Lido EarnETH paused deposits/withdrawals ($21.6M exposure)
- Ethena OFT bridge extended its pause
- Aave governance discussing emergency proposals to limit bridged collateral exposure
How do you check if a DeFi protocol is safe before using it?
#KelpRootCauseRevealed
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