Attackers drained roughly $292 million from KelpDAO’s bridge this month, then used the released tokens as collateral on lending protocols that were never originally hacked. The result is a textbook example of how one failure […]
Key Takeaways Lazarus Group attacked Layerzero Labs internal RPCs and poisoned data sources in order to attack the KelpDAO DeFi project. The security breach impacted 0.14% of applications and roughly 0.36% of asset value associated […]
Attackers drained roughly $292 million from KelpDAO’s bridge this month, then used the released tokens as collateral on lending protocols that were never originally hacked. The result is a textbook example of how one failure […]
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 […]
The crypto market is buzzing after new speculation about a potential collaboration between Solana (SOL) and XRP spread across social media. This comes alongside claims of a wrapped XRP (wXRP) expansion into Solana-based decentralized finance. […]
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