- A forged cross-chain message unlocked 18% of rsETH supply in minutes.
- Bridge design is now DeFi’s most visible systemic risk, security experts say.
Crypto bridges are back in the spotlight — and not for the right reasons.
Saturday’s $293 million exploit of Kelp DAO has pushed bridge security to the top of the crypto industry’s spotlight, says Ari Redbord, global head of policy and government affairs at TRM Labs.
“When the security model of a $300 million issuer reduces to one validator’s signing key, the attack surface stops being technical and becomes structural,” he wrote on Sunday.
The analysis follows an attacker draining 116,500 rsETH — about 18% of the token’s circulating supply — by triggering a function on…
