A contract on whether Kelp DAO will spread the losses from its $292 million exploit suggests it will not. The attackers drained roughly 116,500 rsETH from a LayerZero-powered bridge that held the reserves across more than 20 blockchains. This left some holders effectively owning tokens that were no longer fully backed by ether. The idea of socializing the losses would involve redistributing the shortfall across allrsETH holders, rather than leaving losses concentrated among users and protocols tied to the compromised bridge. This strategy has been a controversial move by some in the past, with precedents including Bitfinex imposing losses on all users after a $60 million hack.