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 : Kelp
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...
Aave's TVL tanks $8B a day after $293M Kelp DAO hack
Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit...
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...
Kelp attack spreads risk across DeFi, $293M lost
Kelp, a liquid restaking platform, reported a cyber attack on Saturday that affected its rsETH token operations. Summary Kelp exploit targeted rsETH bridge contract, leading...
Kelp restaking platform exploited, $293M drained in attack
Kelp, a liquid restaking protocol, was the victim of a cyber attack on Saturday, causing the platform to pause smart contracts for its restaking token...