In case you missed it, the largest decentralized finance (DeFi) exploit just happened over the weekend. At the center of the $292 million to $294 million hack is KelpDAO, a liquid staking protocol. LayerZero (ZRO), an omnichain interoperability...
BitcoinWorld
LayerZero Hack: Lazarus Group Blamed for Devastating $290M Kelp DAO Exploit
In a major cybersecurity alert for the decentralized finance (DeFi) sector, cross-chain interoperability protocol LayerZero has formally attributed a massive...
The post Ripple CTO Says RLUSD Evaluation Exposed the Same Risk That Drained $292M From Kelp DAO appeared first on Coinpedia Fintech News
David Schwartz, CTO Emeritus at Ripple, had a pointed observation this week after the Kelp DAO rsETH bridge was...
BitcoinWorld
Critical Kelp DAO Hack: $292M rsETH Exploit Forces Three Painful Recovery Options
The decentralized finance sector faces another severe test following a devastating $292 million exploit targeting Kelp DAO’s rsETH token. This critical...
The post Aave Hit With $5.4 Billion in ETH Withdrawals After Kelp DAO rsETH Exploit appeared first on Coinpedia Fintech News
A nearly $300 million exploit targeting Kelp DAO’s rsETH cross-chain bridge has triggered a mass withdrawal event at Aave,...
The decentralized finance sector has suffered another tragic hack, this time Kelp DAO losing an estimated $294 million in a massive exploit. In a matter of minutes, attackers took advantage of the vulnerability to mint nearly 116,500 rsETH tokens...
An attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp's LayerZero-powered bridge on Saturday, triggering emergency freezes across Aave, SparkLend, Fluid and Upshift.
A single crypto whale lost more than $280 million after attackers drained positions across multiple Decentralized Finance (DeFi) protocols on Ethereum and Arbitrum.
On-chain investigator ZachXBT flagged the incident on April 18, identifying six...
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