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Crypto Exchange Hack
Kelp DAO says rsETH restored 5 weeks after $293M protocol hack
Cointelegraph·19d ago·neutral
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Kelp DAO says that sETH mints, redemptions and rewards operations have been running smoothly since it opened withdrawals for the token earlier this month.
Ethereum liquid staking protocol Kelp DAO says its restaked Ether token has been restored with a five-week recovery effort after the protocol suffered a $293 million exploit by North Koreas Lazarus G… [+2087 chars]
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Published
May 26, 2026, 03:14 AM
Author
Cointelegraph by Brayden Lindrea
Source
Cointelegraph
Frequently asked · Crypto Exchange Hack
What is the largest cryptocurrency hack recorded to date?
The largest hack occurred in February 2025, when $1.5 billion in ether was stolen from a Bybit cold wallet.
Why are cryptocurrency exchanges frequent targets for hackers?
Exchanges are major targets because they often hold large amounts of digital assets in hot wallets or through smart contracts that can be exploited by hackers.
What measures can investors take to protect their cryptocurrency?
Safety recommendations include keeping cryptocurrencies in offline cold storage when not actively trading and avoiding custodial accounts that lack insurance.