LayerZero said Kelp’s DVN setup caused the $290 million exploit, as investors remain concerned about which protocol would take responsibility for the losses.
LayerZero said the attackers compromised two RPC nodes the company's verifier relied on and DDoS'd the rest, with the attack ...
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Aave and Kelp are working on bailout options as losses keep piling up
Aave is currently locked in a tight situation in the KelpDAO hack that Cryptopolitan reported on April 18, where an attacker ...
Kelp DAO is a liquid restaking protocol that allows users to deposit staked Ethereum (ETH) and receive rsETH, a receipt token ...
A nearly $300 million exploit on a smaller crypto project has sent shockwaves through the decentralized finance (DeFi) ...
The liquid restaking protocol said the compromised verifier was LayerZero's own infrastructure, and the setup it was faulted ...
The billionaire Tron founder urged the Kelp DAO hacker to the negotiation table. The hack has affected both the liquid Ether ...
After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw ...
Aave detailed the rsETH fallout after Kelp DAO’s exploit, with potential bad debt ranging from about $124 million to $230 ...
Kelp DAO lost $292M in a bridge exploit targeting its LayerZero integration, forcing Aave, SparkLend, and others to freeze ...
LayerZero has attributed the Kelp DAO exploit to North Korea's Lazarus Group, identifying a single-point-of-failure.
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