Kelp DAO has incurred a significant loss of approximately $294 million due to an exploit in the LayerZero bridge. The incident has led to a sharp decline in the value of $ZRO, which fell from $2 to $1.4. This price drop has severely impacted a major investor, who faced partial liquidation of their long position on HyperLiquid, resulting in a $2.88 million loss. The affected whale continues to hold their position, now experiencing a floating loss exceeding $750,000. Cumulatively, the investor's losses have reached nearly $28.98 million, highlighting the severe financial impact of the exploit on individual stakeholders.