LayerZero blames Kelp's net worth | TradeSphere
Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp DAO, adding that ... CoinDesk: LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus LayerZero addresses $292M KelpDAO exploit and blames DAO for using single-DVN setup (1/1 config), while linking the attack to suspected Lazarus Group. Cointelegraph on MSN: LayerZero says Kelp setup caused exploit, as Aave loss questions mount LayerZero said the attackers compromised two RPC nodes the company's verifier relied on and DDoS'd the rest, with the attack working only because Kelp had ignored multi-verifier recommendations.
Understanding the Context
Crypto Briefing: LayerZero says North Korean Lazarus Group behind $292M Kelp DAO attack LayerZero links $292M KelpDAO exploit to N. Korea's Lazarus Group; $2B in crypto thefts highlight new DeFi infrastructure breach. Crypto Briefing: AAVE TVL plummets $6B after Kelp DAO hack exploits LayerZero bridge flaw AAVE TVL plummets $6B after Kelp DAO hack exploits LayerZero bridge flaw LayerZero blamed the $290 million Kelp DAO exploit on Kelp's decision to use a single-verifier configuration, despite prior warnings to adopt a multi-verifier setup. Attackers, whom LayerZero ...
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An attacker seemingly drained 116,500 rsETH from Kelp DAO’s LayerZero-powered cross-chain bridge on Saturday, worth approximately $292 million at current market prices. Kelp’s emergency pauser multisig froze the protocol’s core contracts roughly 46 minutes after the successful drain, blocking ... LayerZero (@LayerZero_Core). 186 likes 40 replies. On , KelpDAO was exploited for approximately $290M.
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Preliminary indicators suggest attribution to a highly-sophisticated state actor, likely DPRK’s Lazarus Group, more specifically TraderTraitor. This incident was isolated to KelpDAO’s rsETH configuration as a direct consequence of their single-DVN setup. There is zero ... Kelp DAO suffers a $292M rsETH exploit tied to LayerZero, triggering protocol shutdowns and Aave market freezes over bad debt concerns.