Dossier
Wrapped Ether
Coverage of Wrapped Ether in the Nexus archive.
- 2026's biggest crypto exploit: $292 million gets drained from Kelp DAO with wrapped ether stranded across 20 chains
A $292 million exploit occurred in 2026 when Kelp DAO suffered a security breach, draining funds and leaving wrapped ether stranded across 20 blockchain networks. The incident highlights vulnerabilities in decentralized finance (DeFi) platforms.