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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....
Wrapped XRP is now live on Solana, backed 1:1 by custodian Hex Trust and bridged via LayerZero’s OFT standard, with over $100 million in opening liquidity deployed across Jupiter, Phantom, and Meteora. The deployment,...
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...
