Major DeFi Hack Drains $293 Million from Kelp DAO, Largest of 2026
A major DeFi hack occurred on April 19, 2026, when $293 million was stolen from Kelp DAO, marking the largest DeFi exploit of the year. The attack exploited a vulnerability in the LayerZero communication system, leading to the release of 116,500 rsETH tokens. This incident adds to a growing list of cyberattacks that have cost the crypto industry over $605 million in just under 20 days.
Topics: crypto security cybersecurity decentralized finance DeFi exploits hacking