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LayerZero has issued a public apology admitting its own infrastructure misconfiguration enabled the $292 million Kelp DAO exploit on April 18, reversing weeks of statements that blamed the victim protocol. The confession, published Friday...
Kelp DAO has announced it will migrate its restaking token rsETH to Chainlink’s Cross-Chain Interoperability Protocol following the April 18 exploit that drained 116,500 rsETH tokens worth approximately $292 million from its LayerZero-powered bridge....
DeFi United, the coordinated recovery fund established in the wake of the Kelp DAO $292M bridge exploit, has secured $160 million of the roughly $200 million needed to cover bad debt left on Aave’s...
On-chain analysts have confirmed that the Kelp DAO exploiter laundered approximately $80 million in stolen ETH through THORChain over a 24-hour window, with swap volume on the cross-chain protocol surging to $394 million —...
Arbitrum’s Security Council voted 9-to-3 on Monday evening to freeze 30,766 ETH worth approximately $71 million, tracing those funds directly to last weekend’s Kelp DAO $292 million bridge exploit. The assets have been moved...
An attacker drained 116,500 rsETH tokens worth approximately $292 million from Kelp DAO’s LayerZero-powered bridge on Saturday, April 18, triggering emergency freezes across at least nine DeFi protocols. The exploit, confirmed by blockchain security...
