🚨 DeFi Security Alert

LayerZero has linked the $292M Kelp DAO exploit to North Korea’s Lazarus Group, pointing to a critical flaw in the protocol’s single-verifier (1-of-1 DVN) setup. The attack targeted rsETH liquidity, exposing how lack of redundancy can become a single point of failure. Importantly, LayerZero’s core infrastructure remained uncompromised.

Following the breach, DeFi TVL dropped 7% within 24 hours, reflecting shaken market confidence. LayerZero has since disabled affected nodes, restored operations, and is working with authorities to trace funds. The incident raises urgent concerns for cross-chain protocols still relying on weak verification models.

ETH
ETH
2,026.99
-0.66%
RPL
RPLUSDT
1.638
+0.86%
LDO
LDO
0.3234
-0.91%

#DeFiSecurity #CryptoHack #LayerZero #BlockchainRisk #LazarusGroup $ETH $RPL $LDO