Kelp, an Ethereum re-staking protocol, has identified a bug in its recent upgrade that caused excess rsETH to be minted to its fee address due to an error in the fee minting contract. Despite this issue, all funds within the smart contract are secure. To address the problem, the team has temporarily suspended deposit and withdrawal functions.
*Key Details:*
- *Cause of the Issue*: Error in the fee minting contract led to excess rsETH being minted.
- *Current Status*: All funds within the smart contract are secure.
- *Precautionary Measures*: Deposit and withdrawal functions have been temporarily suspended.
- *Resolution Efforts*: The team is actively working to resolve the problem.
It's worth noting that this issue doesn't seem to be related to any broader Ethereum network issues, but rather a specific problem with the Kelp protocol. If you're invested in Kelp or planning to use its services, it's a good idea to keep an eye on their official updates for the latest information on resolving this issue .