CW 16 Kelp DAO lost $292M in an rsETH bridge exploit, triggering protocol freezes and broader DeFi impact. Loss allocation remains unclear among involved parties. Meanwhile, Drift plans a relaunch with up to $150M in support, largely tied to future revenue.

CW 16 Kelp DAO lost $292M in an rsETH bridge exploit, triggering protocol freezes and broader DeFi impact. Loss allocation remains unclear among involved parties. Meanwhile, Drift plans a relaunch with up to $150M in support, largely tied to future revenue.