Kelp DAO, a liquid restaking protocol, was exploited for approximately $292 million when an attacker drained 116,500 rsETH from its LayerZero-powered cross-chain bridge. The incident, which occurred on a weekend, represents about 18% of the circulating supply of rsETH. The attacker tricked the system into approving a transfer that never occurred, highlighting vulnerabilities in decentralized finance (DeFi) infrastructure. Following the exploit, Aave, a major DeFi platform, could face losses of up to $230 million as it attempts to manage the fallout from the incident. This exploit is part of a broader trend, with North Korean hackers increasingly targeting cryptocurrency systems, employing sophisticated tactics that exploit fundamental assumptions of decentralized networks. In response to these threats, Coinbase has commissioned a report warning that quantum computing poses a future risk to cryptocurrency security, urging the industry to prepare for potential vulnerabilities. The report emphasizes that while current encryption remains secure, the development of advanced quantum computers could challenge this security in the future.