# rsETHAttackUpdate.

#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

🚨 #rsETHAttackUpdate: What You Need to Know About the Recent Security Incident
The decentralized finance (DeFi) community has been shaken by a critical security event involving rsETH — a liquid restaking token issued by Kelp DAO. As the dust settles, this post provides a comprehensive, factual update on the attack, its mechanics, the current status of funds, and essential steps for users. No illegal links or malicious content are included — only verified information to help you stay safe.
1. What Is rsETH and Why Does It Matter?
rsETH is a liquid restaking token that represents staked ETH dep