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Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
#KelpDAOFacesAttack
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million dollars
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Irans $1 Bitcoin-Maut pro Ölbarrel-Vorschlag umgeht waffenfähige Fiat-Währungen und fördert einen Übergang zu apolitischen Schienen.
Bitwise CIO Hougan behauptet, dass die hypothetische tägliche Maut von $20M beweist, dass Bitcoin bald sowohl als Gold als auch als Währung fungieren wird.
Wenn Bitcoin diese neue doppelte Rolle einnimmt, fordert Hougan eine Aktualisierung seines $1M, 17% Marktanteil-Ziels für BTC.
Bitwise: Bitcoin könnte als Währung inmitten geopolitischer Chaos angenommen werden
Die aktuellen Ereignisse rund um die Nutzung von Bitcoin als mögliche Zahlungsmethode zur Sicherung des Durchgangs durch die Straße von Hormuz haben die wichtigste Kryptowährung ins geopolitische Rampenlicht gerückt, und Analysten untersuchen nun die möglichen Auswirkungen dieses Anwendungsfalls.

The Ether Machine and Dynamix Corporation (Nasdaq: ETHM) mutually terminated their July 21, 2025, SPAC merger on April 8, 2026.
Dynamix will receive a $50 million cash payment within 15 days under the Termination Agreement’s exit terms.
The Ether Reserve LLC holds roughly 496,712 ETH and continues operating privately with no new listing plans announced.
Dynamix Corporation ETHM Merger Terminated
The companies announced the end of their Business Combination Agreement, originally signed July 21, 2025, through a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC). The Ether Machine confirmed the termination on April 11 via its official X account, directing followers to the SEC filing for details.
Under the Termination Agreement, the unnamed Payor is required to deliver $50 million to Dynamix within 15 days of the effective date on April 8. All parties executed broad mutual releases covering both known and unknown claims tied to the transaction.
'Unfavorable Market Conditions' — Ether Machine Terminates SPAC Merger With Dynamix Corporation
According to strategicethreserve.xyz stats, The Ether Machine holds 496,712 ETH.
The agreement also includes a covenant not to sue and mutual non-disparagement provisions. On the indemnification side, the Payor agreed to protect Dynamix, sponsor DynamixCore Holdings LLC, and affiliated parties from losses stemming from claims brought by certain ETHM investors.
Dynamix, in turn, agreed to indemnify The Ether Machine parties against claims from non-ETHM Dynamix shareholders. By virtue of the termination, all related subscription agreements and contribution agreements between the parties were also dissolved, according to their terms.
Dynamix, a Cayman Islands exempted company trading on Nasdaq under the ticker ETHM, has until Nov. 22, 2026, to complete a new initial business combination under its amended articles of association before it must redeem public shares and face potential liquidation.
At the time of the termination announcement, secondary market data placed Dynamix’s market capitalization at approximately $236.5 million.
The Ether Machine had positioned itself as an active Ethereum operating company, not a passive holding vehicle or spot exchange-traded fund (ETF). Its structure is centered on large-scale ETH accumulation, validator operations, staking, and yield strategies designed to compound holdings over time in ETH-denominated terms.
Andrew Keys, the company’s co-founder and chairman and an early ConsenSys executive, personally contributed approximately 169,984 ETH at the time the original deal was signed. That contribution alone was valued at hundreds of millions of dollars based on Coinbase VWAP pricing mechanics outlined in the agreement.
The planned merger had drawn institutional backing from firms including 10T Holdings, Electric Capital, and Pantera Capital. The company reported more than $800 million in committed institutional capital across prior rounds, with total commitments targeting some of the largest corporate Ethereum treasuries ever assembled for a public market vehicle.
As of early 2026, prior to the termination, The Ether Reserve LLC held approximately 496,712 ETH, valued at more than $1.1 billion at current prices. The company also reported generating more than 1,000 ETH in early yield from
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