KelpDAO rsETH exploit leads Ethena and others to pause LayerZero OFT bridge

BlockBeats reported on April 19 that KelpDAO's rsETH was exploited via the LayerZero OFT cross-chain bridge, with an estimated 116,500 rsETH lost, worth about $292 million. In response, a number of protocols have paused LayerZero OFT bridging to reduce potential risk. Ethena, Lombard, Euler Labs, TRON DAO, ApeCoin/ApeChain, ether.fi, mETH Protocol, Solv Protocol, MOCA Foundation and River said they have no direct exposure to rsETH and that user funds remain safe. They described the pause as precautionary and said services are expected to resume soon. Separately, Aave V3/V4, SparkLend, Lido and Fluid have frozen rsETH-related markets or treasury activity, while keeping bridging functions unchanged.