The re-staking platform Kelp was hit hard by hackers, and US$293 million disappeared instantly!
What is the event The Ethereum re-pledge platform Kelp suffered a major security breach, and hackers stole approximately US$293 million worth of assets at one time. An analysis by blockchain security company Cyvers pointed out that this attack triggered "cross-protocol contagion" and has affected at least nine related encryption protocols, and the impact is expanding.
Why it matters This is not only one of the most costly attacks in the DeFi field this year, but also exposed the systemic risks of the re-staking track. As an emerging re-pledge platform, Kelp's loopholes expose users' pledged assets and points (points) to risks at the same time, shaking the market's confidence in this type of "revenue stacking" model. The security alarm sounded again.
Impact on retail investors If you have assets in Kelp or related protocols, please check your wallet authorization immediately and pay attention to the compensation plan from the project’s official channels. This incident reminds all players: while pursuing high returns, they must be clearly aware of the risks of smart contracts and emerging protocols. Principal safety always comes first. Whether trading or participating in DeFi, it is crucial to choose a platform with a good security record. When trading, don’t forget to use tools like CoinRebate to compare prices and optimize handling fee costs to save whatever you can.
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This article was edited by CoinRebate AI, data source: CoinTelegraph