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BackKelpDAO Loses $290 Million in Largest Crypto Exploit of 2026
KelpDAO Loses $290 Million in Largest Crypto Exploit of 2026
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SCMP Economy4/22/2026Tech1 min readChina

KelpDAO Loses $290 Million in Largest Crypto Exploit of 2026

LayerZero servers compromised in Saturday heist, says digital currency news site CoinDesk

kelpdaolayzerocryptocurrency

Quick Look

  • CoinDesk reports that KelpDAO suffered a $290 million exploit on Saturday, making it 2026's biggest crypto hack.
  • Two blockchain servers hosted by LayerZero were compromised during the heist.

AI-generated summary

Why It Matters

KelpDAO is an online investment tool in the decentralized finance (DeFi) space. LayerZero is a cross-chain messaging protocol that enables interoperability between different blockchain networks.

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Digital currency news site CoinDesk said the heist on the vault of online investment tool KelpDAO on Saturday was 2026's biggest crypto exploit so far. During the hack, two blockchain servers hosted by another crypto tech application called LayerZero were compromised, KelpDAO said on Tuesday. "On April 18, 2026, KelpDAO was exploited for approximately US$290 million," LayerZero said in a statement.

Open Questions

  • How were the LayerZero servers compromised?
  • Was there any security failure at LayerZero's end?
  • Will affected users be compensated?
  • What security measures will be implemented to prevent future exploits?

Related Topics

kelpdao
OrganizationsCoinDeskKelpDAOLayerZero
Topicslayzerocryptocurrencycrypto exploithackblockchaindigital currency
This article was originally published by SCMP Economy.

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