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KelpDAO: $292 million evaporated in just 4 minutes. Smart contract, a foolish setup.
【Plain Language Guide】On April 18, 2026, North Korea's Lazarus Group, in just four minutes, forged a LayerZero single validator signature, minted 116,500 rsETH out of thin air, borrowed $236 million in real ETH from platforms like Aave, resulting in a $292 million major incident.
KelpDAO's misconfiguration was the main cause, leaving Aave with a $196 million bad debt problem. Fluid launched the aWETH redemption protocol, becoming the smartest move of the weekend.
In 18 days, DeFi has evaporated $600 million, and 47% of LayerZero projects still face 1-of-1 risk. This article fully dissects the attack details, loss map, and countermeasures.
For more details, see: