In the 48 hours after the KelpDAO rsETH exploit in mid-April, on-chain dashboards lit up with red. Billions in TVL sprinted to safety, and the thinnest order books blinked first as prices gapped and utilization […]
Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night. Related Reading TrustedVolumes Hit By $6.7M Hack On Thursday, DeFi […]
KelpDAO’s liquid restaking token, rsETH, has become the center of a major DeFi recovery effort after a hack estimated at roughly $290 million. The latest development came on Thursday, when Lido Finance unveiled a proposal […]
Arbitrum’s Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance action to unlock. […]
LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperability protocol blamed Kelp’s 1-of-1 verifier configuration for the incident. Related Reading LayerZero Blames KelpDAO For $290M […]
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