Aave risk manager models 2 bad debt scenarios from Kelp DAO exploit
Decentralized lending platform Aave’s risk management provider has outlined two scenarios on how bad debt from the Kelp DAO exploit over the weekend could impact...
Tag : Exploit
Morning Minute: DeFi's Future in Question After $292M KelpDAO Exploit
3,478.5543Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt....
LayerZero Says Lazarus Group Likely Behind Kelp DAO Exploit
LayerZero has attributed the Kelp DAO exploit to North Korea’s Lazarus Group, identifying a single-point-of-failure in the protocol’s verifier setup as the technical root cause...
LayerZero links Kelp DAO exploit to Lazarus as DeFi losses deepen
LayerZero said North Korea’s Lazarus Group is the likely actor behind the Kelp DAO exploit that drained 116,500 rsETH worth about $292 million. Summary LayerZero...
Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic
In brief Aave users struggled to withdraw funds from Aave after attackers borrowed with stolen rsETH on the platform, spiking a core market’s so-called utilization...
Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs
The exploit of the Kelp liquid restaking protocol shows how non-isolated lending and integrations in decentralized finance (DeFi) can cause broader ecosystem contagion, according to...
Drift Taps Tether for $148 Million Recovery Plan, Ditches Circle's USDC Following DeFi Exploit
In brief Drift Protocol is working with Tether on establishing a recovery pool for victims that lost $295 million to an exploit this month. Drift...
Russian Crypto Exchange Grinex Halts Trading, Alleging $13M Exploit by 'Western Special Services'
In brief Russian exchange Grinex says it was hacked for more than 1 billion rubles or greater than $13 million. The exchange alleged the attack...