According to Huoxing Finance, on April 19, following an attack on KelpDAO’s rsETH via the LayerZero OFT cross-chain bridge (resulting in losses of approximately 116,500 rsETH, valued at around $292 million), multiple protocols have suspended related functions or markets to mitigate potential risks. Protocols including Ethena, Lombard, Euler Labs, TRON DAO, ApeCoin/ApeChain, ether.fi, mETH Protocol, Solv Protocol, MOCA Foundation, and River have paused their LayerZero OFT cross-chain bridges. They emphasized that they have no direct exposure to rsETH and that user assets remain secure; the suspension is a precautionary measure, with services expected to be restored shortly. Additionally, protocols such as Aave V3/V4, SparkLend, Lido, and Fluid have frozen rsETH-related markets or treasuries without pausing any bridge functionalities.
Multiple protocols pause the LayerZero OFT bridge following the KelpDAO attack.
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Summary
Following the $292 million KelpDAO attack on April 19, 2026, protocols including Ethena, Lombard, and Euler Labs have paused the LayerZero OFT bridge. On-chain data reveals the exploit drained 116,500 rsETH. Protocols emphasize that user funds remain secure, with a short-term resolution anticipated. Aave V3/V4 and SparkLend have frozen rsETH markets but not bridging functionality. The incident may push the Fear & Greed Index lower as traders reassess cross-chain risks.
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