Kelp DAO

But they weren't done yet.

17 days later, Lazarus hit another platform called Kelp DAO for about another $292 million.

In September, another platform called BitGet was hit for around $387 million.

The scale of these hacks is unprecedented, and that a single coordinated group backed by a nation's government was behind it almost boggles the mind.

But TRM Labs, a blockchain intelligence and AI investigations company, pointed to North Korean hackers as the potential culprits.

Several features of this attack match earlier North Korea linked heists, including the BitFi hack and the Kelp.

DAO hack in April of 2026.

Small tornado cash withdrawals, funding an operator wallet staging that began well before the theft and signatures obtained in advance, then executed in one burst, the company said in a post.

Then April came about.

A bridge exploit tied to the Kelp DAO's rsETH token hit Aave's markets directly.

Wasn't a bug in Aave's core code, but it did hurt.

Borrowing had fallen from twenty-nine billion dollars in active loans down to the lowest level of nine point eight billion.

From April of twenty twenty-five to April of twenty twenty-six, Aave ran buybacks and acquired more than two hundred thousand Aave tokens.

Those tokens made their way to the DAO reserve.

They weren't burned, and after the exploit that happened, the Kelp DAO exploit that I highlighted, they actually had to pause these DAO buybacks, and they're still sitting paused today.

Back in April, the governance also approved what they call Aave Will Win.

Combining its modular architecture, data availability solutions through Eigen DA, and now zero-knowledge proofs via SP one, Mantle Network embarks on creating.

Eleven, Kelp Dao secures nine million dollars in private sale for r-e-s-t-a-k-i-n-g innovation.

Kelp's proven team and focus on user experience is playing a key role in this restaking's early success.

We look forward to the team executing on its vision.

Twelve, Student Coin announces comprehensive STC token redemption f-o-l-l-o-w-i-n-g o-p-e-r-a-t-i-o-n-a-l shutdown.