TechFlow News, April 21: According to an official Lido tweet, on April 18, 2026, attackers stole 116,500 rsETH (approximately $292 million) from the Kelp cross-chain bridge. Subsequently, lending platforms including Aave froze the rsETH market. Lido’s EarnETH treasury held approximately 9% exposure to rsETH (around $21.6 million) via leveraged positions on Aave; deposits and withdrawals are currently suspended. The EarnETH team is actively reducing leverage and mitigating risk. The final loss magnitude will depend on subsequent decisions by Kelp, LayerZero, and Aave. Lido DAO’s treasury maintains a $3 million “first-loss protection mechanism,” which may be activated—via burning DAO treasury shares—if necessary. Lido’s core staking protocol, as well as stETH and wstETH, remain unaffected by this incident.
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