KelpDAO Suffers Attack, Losing 116,500 rsETH Tokens, Hacker Swaps for 106,466 ETH
On April 19th, on-chain analyst Wu Jinyu reported that KelpDAO was exploited in the early hours of today. The attacker illicitly minted 116,500 rsETH, resulting in an estimated loss of around $293 million.
Most of the rsETH was deposited as collateral on Aave to borrow ETH, while a small portion was sold directly for ETH. In total, the hacker obtained 106,466 ETH (roughly $250 million) through these two tactics.
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Kelp DAO Suffers Attack, Loses Approximately $292 million, Aave States rETH Market Has Been Frozen
April 19th, per a report from The Block, on-chain data shows an attacker stole 116,500 rsETH—valued at roughly $292 million at current market rates—from Kelp DAO’s LayerZero-powered cross-chain bridge on Saturday.
The attacker’s controlled wallet invoked the `lzReceive` method on LayerZero’s EndpointV2 contract, prompting Kelp’s bridging contract to release the 116,500 rsETH to a secondary attacker address. Approximately 10 hours before the theft, funds had been sent to the attacker’s wallet via Tornado Cash.
On-chain sleuth ZachXBT noted: “KelpDAO was reportedly hacked for over $280 million roughly an hour ago across Ethereum and Arbitrum; the attacker’s address received funds through Tornado Cash.”
Kelp DAO tweeted it has identified suspicious cross-chain activity involving rsETH and has paused the rsETH contract on mainnet and multiple Layer 2 networks. It is conducting a root cause analysis in collaboration with LayerZero, Unichain, and security experts.
Aave promptly f
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Elon Musk Agrees to Asteroid Becoming SpaceX Mascot, Meme Coin ASTEROID's Market Cap Briefly Surpasses $160 Million
On April 19, Elon Musk agreed to make Asteroid the official mascot of SpaceX.
In response to this news, per GMGN market data (via the link https://t.me/gmgnaibot?start=i_m4TE56o8), the Ethereum-based meme coin ASTEROID—slated to launch in September 2024—briefly hit a market cap of over $160 million. It currently sits at $116 million, with a 24-hour price surge of 519% and 24-hour trading volume of $77.4 million.
As previously reported by BlockBeats, 15-year-old cancer patient Liv Perrotto (who passed away) had her biggest wish to meet Musk and compiled a list of questions for him. She also helped design a zero-gravity indicator toy called “Asteroid,” which features a Shiba Inu. Her mother later publicly wrote to Musk, asking him to honor Liv’s wish by making Asteroid SpaceX’s official mascot. Musk had previously responded that he would “reply soon.”
BlockBeats notes that meme coin trading is highly volatile, driven primarily by market sentiment and hype, with no underlying val
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Justin Sun redeemed 53,665 ETH from Aave 5 hours ago, worth $126 million
Per on-chain analyst Ai Auntie (@ai_9684xtpa) on April 19, Justin Sun redeemed 53,665 ETH—valued at $126 million—from Aave 5 hours ago. At press time, the ETH remains in his wallet with no transfers yet.
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Hormuz Strait Shipping Disruption Resumes
April 19 — British sources report navigation in the Strait of Hormuz was temporarily disrupted again on the evening of the 18th. Earlier, a radio warning stated Iran’s armed forces had resumed tighter control of the strait; multiple ships in the area received the warning, which has been confirmed.
On the same day, British maritime security firm Pioneer Technology released a report detailing attacks on three vessels near the strait: an oil tanker, a cargo ship, and a container ship. Two of the ships were explicitly warned and fired upon by Iran’s Islamic Revolutionary Guard Corps (IRGC). The container ship was struck by unidentified projectiles 25 nautical miles northeast of Oman, damaging some containers. (CCTV)
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Iran's Speaker of Parliament Says Long Way to Go for Final Deal with US
April 19 — Local time on April 19, Speaker of Iran’s Parliament Kalibaf told local media in an interview that Iran accepted a ceasefire to articulate its demands. Negotiations themselves are also a form of struggle, he added, noting Iran’s primary goal is to advance and consolidate the country’s rights within this framework.
Regarding talks with the U.S., Kalibaf stated the discussions have not eliminated mutual mistrust, but both sides now have a more practical understanding of one another. Some issues have been resolved, while others remain outstanding. He emphasized both sides still have a long way to go to reach a final agreement.
Kalibaf also stressed Iran is sticking to its position on certain issues, and those demands are non-negotiable. (CCTV)
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