Kelp DAO blames LayerZero defaults for $290m rsETH bridge disaster
Kelp DAO says a LayerZero “default” single‑validator setup helped enable a $290m rsETH bridge hack, forcing a messy blame game and a rushed security migration....
Tag : Bridge
LayerZero Pins $292M KelpDAO Bridge Hack on North Korea’s Lazarus Group
In brief Attackers drained roughly $292M from KelpDAO’s cross-chain bridge on Saturday. LayerZero, which powered the breached bridge, tied the hack to North Korea’s Lazarus...
Polkadot-Ethereum Bridge Hack Losses Were 10x Worse Than Reported, Team Admits
In brief Hyperbridge’s exploit was about 10x worse than originally feared, with estimated losses now around $2.5 million. The protocol originally reported that there were...
Circle unveils USDC Bridge for native cross-chain stablecoin transfers
Stablecoin issuer Circle has launched USDC Bridge, a new user interface built on top of the Cross-Chain Transfer Protocol (CCTP) that seeks to simplify native...