Well folks, gather ’round because the circus that is Kelp DAO has hit a new high-or should I say low? After one of 2026’s biggest DeFi fiascos, Kelp DAO has decided to team up with Aave and their merry band of ecosystem partners to play the world’s most stressful game of “Where’s My Money?”
So, what happened? Imagine minting unbacked tokens faster than a kid can eat a candy bar, thanks to a compromised cross-chain setup. It was like watching a magician pull rabbits out of hats, except the rabbits were made of ETH and they vanished into thin air! From an initial shortfall of 163,200 ETH (that’s a whole lot of pizza money), they’ve managed to recover a whopping 43,000 ETH. But wait-there’s more! They also secured 30,700 ETH, which means there’s still about 89,500 ETH doing the cha-cha slide somewhere in the blockchain.
Meanwhile, partners like Mantle, EtherFi, Lido, and Golem have stepped up to the plate, pledging 43,500 ETH to help close this gaping hole. It’s like trying to fill a bathtub with a thimble, but hey, at least they’re trying! Who needs a superhero when you have a bunch of crypto nerds in capes, right?
Read More
- Last Furry: Survival redeem codes and how to use them (April 2026)
- Gear Defenders redeem codes and how to use them (April 2026)
- Brawl Stars April 2026 Brawl Talk: Three New Brawlers, Adidas Collab, Game Modes, Bling Rework, Skins, Buffies, and more
- All 6 Viltrumite Villains In Invincible Season 4
- The Mummy 2026 Ending Explained: What Really Happened To Katie
- Gold Rate Forecast
- Razer’s Newest Hammerhead V3 HyperSpeed Wireless Earbuds Elevate Gaming
- The Division Resurgence Best Weapon Guide: Tier List, Gear Breakdown, and Farming Guide
- Total Football free codes and how to redeem them (March 2026)
- Clash of Clans: All the Ranked Mode changes coming this April 2026 explained
2026-04-24 15:37