Dossier
L2 liquidity
Coverage of L2 liquidity in the Nexus archive.
- KelpDAO rsETH $290M hack incident is another bridge exploit
A $290M exploit occurred involving KelpDAO's rsETH due to suspicious cross-chain activity, leading to paused contracts on mainnet and L2s. The issue stems from vulnerabilities in L2 liquidity management, highlighting ongoing risks in decentralized finance (DeFi) bridge designs.