⚠️ KernelDAO Flags Smart Contract Vulnerability – Deposits & Withdrawals Paused!

The KernelDAO team has just identified a critical vulnerability in its fee minting contract after a recent upgrade. This glitch caused unintended minting of extra rsETH, which got sent directly to the fee address.

What You Need to Know:

🔐 All funds are SAFE – no user assets compromised

⏸️ Deposits & withdrawals are temporarily paused

⚙️ Issue linked to how rsETH is calculated during deposits

🧠 Tech fix underway – the team is actively working on a resolution

Here’s What Happened:

A bug in the depositAsset function changes how rsETH is calculated.

When users deposit ETH, the total pool balance updates before the rsETH price is set.

Result: Users get fewer rsETH than expected.

Example:

You deposit 30 ETH thinking you’ll get 30 rsETH, but due to the flaw, you receive much less.

KernelDAO is on it – Updates will be shared as soon as services are restored.

Stay alert & stay safe in DeFi!

#KernelDAO #DeFiNews #SmartContract #SecurityAlert #rsETH #BinanceSquare