The Biggest Hack of 2026: What We Know About the $294M KelpDAO Exploit

Multiple on-chain security companies and industry sleuths reported late on Saturday that the liquid restaking protocol KelpDAO had fallen victim to a major hack in which the perpetrators drained nearly $300 million. The team behind the project confirmed the incident hours later, and added that they have partnered with LayerZero, Unichain, their auditors, and ‘top security experts’ to resolve the issue. Th…