{"id":92994,"date":"2026-05-16T21:31:39","date_gmt":"2026-05-16T21:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=92994"},"modified":"2026-05-16T21:31:39","modified_gmt":"2026-05-16T21:31:39","slug":"kelpdao-rseth-records-936k-net-outflows-one-month-post-hack-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=92994","title":{"rendered":"KelpDAO: rsETH Records $936k Net Outflows One Month Post-Hack \u2013 Details"},"content":{"rendered":"
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The $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users\u2019 confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence.\n<\/p>\n

Investors Move To Accumulate rsETH As KelpDAO Resumes Operations\u00a0<\/b><\/h2>\n

On April 18, attackers exploited a vulnerability in KelpDAO\u2019s LayerZero-cross chain bridge, carting away 152,577 rsETH, valued at $292 million. According to a report<\/a> from analytics firm Santiment, this day also experienced a net inflow of 563 rsETH, worth $1.1 million, into exchanges. Santiment analysts explain that the market reaction is expected, as the exploit has generated concern about KelpDAO\u2019s safety and rESTH. Therefore, investors moved their holdings to exchanges to sell or swap them for other assets, e.g., stablecoins, thereby reducing their exposure to the negative effects of the hack.\n<\/p>\n

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\"\ud83d\udcb8\" On April 18th, the infamous day of the Kelp DAO exploit, Santiment data showed a large spike of $rsETH<\/a> moving onto exchanges, with a net inflow of roughly +563 rsETH. This reaction made sense because traders were understandably feeling uncertain around the safety of the\u2026 pic.twitter.com\/2ADQe6iskn<\/a><\/p>\n

\u2014 Santiment Intelligence (@SantimentData) May 16, 2026<\/a><\/p>\n<\/blockquote>\n

Following the hack, there have been multiple recovery efforts,<\/a> including coordinated seizures by the KelpDAO, Abritrum, and Aave of the hackers\u2019 positions on their respective platforms. In particular, the Aave DAO also issued donations alongside the DeFi platforms such as EtherFi, Lido, and Ethena. On May 15, KelpDAO announced a resumption of reETH activities, including withdrawals, bridging, and protocol operations. Santiment observed that this announcement was shortly followed by a net outflow of approximately 435 rsETH ($936,000) from exchanges.<\/p>\n

In line with typical market dynamics, this outflow signals growing investor confidence in rsETH following the recovery process and the lifting of restrictions. There is now a clear shift of rsETH away from exchanges and into self-custody wallets, staking platforms, and DeFi protocols.\n<\/p>\n

THORChain Suffers $11 Million Hack<\/b><\/h2>\n

In other news, the decentralized liquidity protocol THORChain has suffered an attack resulting in losses of $10.8 million, according to an independent on-chain investigator, ZachXBT.<\/a> The exploits occurred across four blockchains, including Bitcoin, Ethereum, Binance Smart Chain (BSC), and Base.\u00a0<\/p>\n

As a cross-chain exchange, THORChain enables direct swaps between various blockchains and has previously been used as a laundering rail by bad actors and hackers. Following the recent exploit, WuBlockchain reports<\/a> that the protocol\u2019s management has halted trading and issued a global emergency alert.<\/p>\n

Exploits and hacks remain a major security concern for crypto users. According to DefiLama<\/a> today, total losses from these malicious activities in 2026 are now $823.9 million. At press time, the total crypto market cap is $2.57 trillion, down 2.74% over the past day.<\/p>\n

\"KelpDAO\"<\/div>\n","protected":false},"excerpt":{"rendered":"

The $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users\u2019 confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence. Investors Move To Accumulate rsETH As KelpDAO Resumes Operations\u00a0 On April 18, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-92994","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/92994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92994"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/92994\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}