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# rsETHAttackUpdate:

613
#rsETHAttackUpdate
The past week has been a stark reminder of both the fragility and the resilience of DeFi. I've been following the events closely, and in the spirit of the competition, here is my entry for #rsETHAttackUpdate.
#rsETHAttackUpdate: A $292M Wake-Up Call for DeFi
What happened on April 18 was unlike a typical hack. The attacker didn't brute-force their way in—they minted 116,500 rsETH tokens out of thin air using a forged cross-chain message, backed by zero collateral. Within minutes, those phantom tokens were deposited on Aave to borrow millions in real ETH.
The damage rippled
AAVE1.16%
ETH0.23%
ZRO0.19%
post-image
post-image
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Yajing:
To The Moon 🌕
#rsETHAttackUpdate: Full Breakdown of the Exploit, Recovery, and Lessons Learned
The decentralized finance (DeFi) community was shaken on April 22, 2026, when a sophisticated attack targeted the rsETH liquid restaking token contract. rsETH, issued by Kelp DAO as a receipt token for EigenLayer restaking positions, saw its core deposit and withdrawal logic exploited, leading to an estimated $8.4 million in temporary asset drain. This post provides a detailed, step-by-step update on the incident – from the initial vector to the current post-mortem.
1. What is rsETH and Why Was It a Target?
rsETH
STETH0.47%
ETH0.23%
AAVE1.16%
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#rsETHAttackUpdate: Full Breakdown of the Exploit, Recovery, and Lessons Learned
The decentralized finance (DeFi) community was shaken on April 22, 2026, when a sophisticated attack targeted the rsETH liquid restaking token contract. rsETH, issued by Kelp DAO as a receipt token for EigenLayer restaking positions, saw its core deposit and withdrawal logic exploited, leading to an estimated $8.4 million in temporary asset drain. This post provides a detailed, step-by-step update on the incident – from the initial vector to the current post-mortem.
1. What is rsETH and Why Was It a Target?
rsETH
STETH0.47%
ETH0.23%
AAVE1.16%
post-image
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  • 1
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ybaser:
To The Moon 🌕
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