LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus | TradeSphere
LayerZero addresses $292M KelpDAO exploit and blames DAO for using single-DVN setup (1/1 config), while linking the attack to suspected Lazarus Group. 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 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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LayerZero (@LayerZero_Core). 186 likes 40 replies. On , KelpDAO was exploited for approximately $290M. Preliminary indicators suggest attribution to a highly-sophisticated state actor, likely DPRK’s Lazarus Group, more specifically TraderTraitor.
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This incident was isolated to KelpDAO’s rsETH configuration as a direct consequence of their single-DVN setup. There is zero ... Cointelegraph on MSN: LayerZero says Kelp setup caused exploit, as Aave loss questions mount 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 ... Coingape: KelpDAO Hack: LayerZero Blames North Korea’s Lazarus and Kelp’s Poor Security LayerZero says North Korea's Lazarus Group likely behind the hack and blames Kelp's single validation security. LayerZero issues a statement & explains the $290M KelpDAO hack, blaming a risky single verifier setup while confirming no wider protocol impact.
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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 ... Kelp DAO suffers a $292M rsETH exploit tied to LayerZero, triggering protocol shutdowns and Aave market freezes over bad debt concerns. Kelp DAO’s rsETH Bridge Hit by $292M Exploit in Suspected LayerZero ... 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.