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The KelpDAO hackers obtained approximately $250 million worth of ETH through staking and selling. - CoinFeed
Time 00:47

The KelpDAO hackers obtained approximately $250 million worth of ETH through staking and selling.

April 19, 2026
CoinFeed News

CoinFeed reported on April 19th that, according to on-chain analyst Yu Jin, KelpDAO was exploited early this morning to mint 116,500 rsETH out of thin air, resulting in a loss of up to $293 million. Most of these 116,500 rsETH were deposited into Aave and then used to borrow ETH, while a small portion was sold and exchanged for ETH. The hackers obtained a total of 106,466 ETH ($250 million) through staking and selling.

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