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Ripple CTO Says RLUSD Evaluation Exposed the Same Risk That Drained $292M From Kelp DAO

By https://coinpedia.org/ on April 20, 2026

The post Ripple CTO Says RLUSD Evaluation Exposed the Same Risk That Drained $292M From Kelp DAO appeared first on Coinpedia Fintech News David Schwartz, CTO Emeritus at Ripple, had a pointed observation this week after the Kelp DAO rsETH bridge was exploited for approximately $292 million. He had seen this coming. Not this specific attack, but the conditions that made it possible. “I evaluated a lot of DeFi bridging systems for use by RLUSD,” Schwartz wrote on …

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