May 18, 2026·Bearish·critical issue

LayerZero rsETH Bridge Hacked, Ethereum Leverage Plummets

The rsETH LayerZero bridge recently suffered an exploit, impacting the broader crypto market. On-chain data reveals a subsequent sharp decline in Ethereum (ETH) leverage demand. This incident has caused utilization rates to fall below 90% and borrowing costs to drop.

Detected & updated continuously · Source: Ruma

Mentioned

Ethereum (eth)

LayerZero (zro)

Kelp DAO Restaked ETH (rseth)

Sources

@ItsBitcoinWorld

On-chain data reveals a sharp decline in Ethereum (ETH) leverage demand following the recent hack of the rsETH LayerZero bridge, with utilization rates falling below 90% and borrowing costs dropping to their lowest levels in months. https://t.co/FwSPNW1pAo https://t.co/jawyfVhz96