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🚨 LayerZero Admits Guilt: Public Apology for $292M Kelp DAO Hack
After three weeks of silence and claims that “the protocol worked as intended,” LayerZero Labs has finally changed its tune. The company issued a formal apology for the incident on April 18, acknowledging critical architectural and communication errors.
📉 What Really Happened?
The hack was the result of a sophisticated attack by the North Korean Lazarus Group:
• Node Compromise: Hackers compromised LayerZero’s internal RPC nodes.
• DDoS Attack: External security was also “downed,” forcing the system to switch to the compromised infrastructure.
• Fake signatures: Because Kelp DAO used a 1-of-1 DVN (single verifier) configuration, attackers were able to sign non-existent transactions and withdraw $292 million in rsETH.
⚠️ Key confession: The 1-of-1 bug
LayerZero previously accused Kelp DAO of choosing unsafe settings. Now they admit: it was their fault.
• LayerZero’s documentation and guides suggested a single verifier as the standard.
• Dune analysis showed that 47% of all active LayerZero contracts used the same vulnerable scheme.
🛠 What’s changing right now?
To restore trust (which was noticeably shaken after Kelp DAO and Solv Protocol migrated to Chainlink CCIP), LayerZero is implementing:
1. Minimum 3-5 verifiers: Single DVN configurations are no longer supported.
2. Multisig Update: Signature threshold increased from 3/5 to 7/10.
3. Rust Client: Development of a second client for code diversification.
4. Console Platform: New tool for real-time security monitoring.
💰 Damage Compensation
LayerZero has already allocated 10,000 ETH to save the ecosystem (5k as a donation and 5k as a loan to Aave). Together with the help of Arbitrum DAO and the DeFi United initiative, the recovery fund has already exceeded $300 million.
🚨 LayerZero Admits Guilt: Public Apology for $292M Kelp DAO Hack
After three weeks of silence and claims that “the protocol worked as intended,” LayerZero Labs has finally changed its tune. The company issued a formal apology for the incident on April 18, acknowledging critical architectural and communication errors.
📉 What Really Happened?
The hack was the result of a sophisticated attack by the North Korean Lazarus Group:
• Node Compromise: Hackers compromised LayerZero’s internal RPC nodes.
• DDoS Attack: External security was also “downed,” forcing the system to switch to the compromised infrastructure.
• Fake signatures: Because Kelp DAO used a 1-of-1 DVN (single verifier) configuration, attackers were able to sign non-existent transactions and withdraw $292 million in rsETH.
⚠️ Key confession: The 1-of-1 bug
LayerZero previously accused Kelp DAO of choosing unsafe settings. Now they admit: it was their fault.
• LayerZero’s documentation and guides suggested a single verifier as the standard.
• Dune analysis showed that 47% of all active LayerZero contracts used the same vulnerable scheme.
🛠 What’s changing right now?
To restore trust (which was noticeably shaken after Kelp DAO and Solv Protocol migrated to Chainlink CCIP), LayerZero is implementing:
1. Minimum 3-5 verifiers: Single DVN configurations are no longer supported.
2. Multisig Update: Signature threshold increased from 3/5 to 7/10.
3. Rust Client: Development of a second client for code diversification.
4. Console Platform: New tool for real-time security monitoring.
💰 Damage Compensation
LayerZero has already allocated 10,000 ETH to save the ecosystem (5k as a donation and 5k as a loan to Aave). Together with the help of Arbitrum DAO and the DeFi United initiative, the recovery fund has already exceeded $300 million.
LayerZero всё-таки признала ошибку 👀
После взлома на $292M проекты уже начинают уходить к Chainlink.
🔹 Kelp переводит rsETH bridge
🔹 Solv выводит $700M+ BTC infrastructure
Bridge-война в DeFi набирает обороты 🚨
Подписывайся на свежие crypto-новости ⚡
$ZRO $LINK $BTC
#LayerZero #Chainlink #bitcoin #Ethereum #DeFi
После взлома на $292M проекты уже начинают уходить к Chainlink.
🔹 Kelp переводит rsETH bridge
🔹 Solv выводит $700M+ BTC infrastructure
Bridge-война в DeFi набирает обороты 🚨
Подписывайся на свежие crypto-новости ⚡
$ZRO $LINK $BTC
#LayerZero #Chainlink #bitcoin #Ethereum #DeFi
$DOT went back below $1.39 again ...
When DOT was around $1.29, I said it could touch $1.38, but friends took it seriously ..
Missed the trade myself, but watching the prediction play out still feels satisfying 🤣
Happiness and sadness at the same time ..
#dot #LayerZero #blockchain
When DOT was around $1.29, I said it could touch $1.38, but friends took it seriously ..
Missed the trade myself, but watching the prediction play out still feels satisfying 🤣
Happiness and sadness at the same time ..
#dot #LayerZero #blockchain
#LayerZero has officially admitted that a "#technicalerror " in its systems led to the theft of $292 million from the #Kelpprotocol . 🚨💸
This admission puts the credibility of digital bridges at risk and raises questions about the security of asset transfers between different networks. 🛡️⚠️
$BTC
This admission puts the credibility of digital bridges at risk and raises questions about the security of asset transfers between different networks. 🛡️⚠️
$BTC
LayerZero admitted a mistake after the $292M hack 👀
⚠️ The issue came from a risky verifier setup and an attack on RPC infrastructure.
The fallout is already growing:
🔹 Kelp is moving rsETH to Chainlink
🔹 Solv is migrating $700M+ BTC infrastructure away from LayerZero
The DeFi bridge war is heating up 🚨
Follow for more major crypto updates ⚡
#LayerZero $BTC #defi #Chainlink
$LINK
$ETH
⚠️ The issue came from a risky verifier setup and an attack on RPC infrastructure.
The fallout is already growing:
🔹 Kelp is moving rsETH to Chainlink
🔹 Solv is migrating $700M+ BTC infrastructure away from LayerZero
The DeFi bridge war is heating up 🚨
Follow for more major crypto updates ⚡
#LayerZero $BTC #defi #Chainlink
$LINK
$ETH
Gobernanza o Tribunales?
#Arbitrum desafía a la justicia de EE. UU. y vota liberar $71M en ETH vinculados a Lazarus
El pulso entre la descentralización y la ley federal
La comunidad de #ArbitrumDAO ha tomado una decisión histórica que pone a prueba la soberanía de las organizaciones descentralizadas frente al sistema judicial estadounidense.
Con un respaldo masivo de más del 90%, los delegados aprobaron liberar 30.765 #ETH (aprox. $71 millones) que habían sido congelados tras el exploit de rsETH del pasado 18 de abril.
El dilema de la propiedad: Mientras que un grupo de familias víctimas del terrorismo de Corea del Norte reclama el ETH alegando que es propiedad del Grupo Lazarus, protocolos como Aave sostienen que los fondos pertenecen a usuarios inocentes y no a los atacantes.
La audaz defensa legal de las víctimas: El abogado Charles Gerstein argumenta que el exploit no fue un "robo", sino un fraude. Bajo esta lógica, los atacantes habrían obtenido la titularidad legal del ETH al engañar al protocolo, convirtiendo técnicamente los fondos en propiedad norcoreana incautable.
Ocho días de tregua forzada: Debido a las reglas constitucionales de Arbitrum (AIP), la transferencia no es inmediata. Existe un periodo de espera de ocho días, una ventana crítica en la que el tribunal de Manhattan podría intervenir para bloquear el movimiento de los activos.
Protección para los delegados: Conscientes del riesgo, la propuesta incluye cláusulas de indemnización para la Fundación Arbitrum, Offchain Labs y los delegados, protegiéndolos contra posibles demandas derivadas de esta ejecución.
El "auto-rescate" de la industria: Linda Jeng (Aave Labs) destaca que, a diferencia de los rescates bancarios tradicionales con dinero público, el ecosistema cripto se está uniendo para compensar a los afectados mediante un esfuerzo coordinado entre Aave, KelpDAO, #LayerZero , EtherFi y Compound.
$ARB
$ETH
#Arbitrum desafía a la justicia de EE. UU. y vota liberar $71M en ETH vinculados a Lazarus
El pulso entre la descentralización y la ley federal
La comunidad de #ArbitrumDAO ha tomado una decisión histórica que pone a prueba la soberanía de las organizaciones descentralizadas frente al sistema judicial estadounidense.
Con un respaldo masivo de más del 90%, los delegados aprobaron liberar 30.765 #ETH (aprox. $71 millones) que habían sido congelados tras el exploit de rsETH del pasado 18 de abril.
El dilema de la propiedad: Mientras que un grupo de familias víctimas del terrorismo de Corea del Norte reclama el ETH alegando que es propiedad del Grupo Lazarus, protocolos como Aave sostienen que los fondos pertenecen a usuarios inocentes y no a los atacantes.
La audaz defensa legal de las víctimas: El abogado Charles Gerstein argumenta que el exploit no fue un "robo", sino un fraude. Bajo esta lógica, los atacantes habrían obtenido la titularidad legal del ETH al engañar al protocolo, convirtiendo técnicamente los fondos en propiedad norcoreana incautable.
Ocho días de tregua forzada: Debido a las reglas constitucionales de Arbitrum (AIP), la transferencia no es inmediata. Existe un periodo de espera de ocho días, una ventana crítica en la que el tribunal de Manhattan podría intervenir para bloquear el movimiento de los activos.
Protección para los delegados: Conscientes del riesgo, la propuesta incluye cláusulas de indemnización para la Fundación Arbitrum, Offchain Labs y los delegados, protegiéndolos contra posibles demandas derivadas de esta ejecución.
El "auto-rescate" de la industria: Linda Jeng (Aave Labs) destaca que, a diferencia de los rescates bancarios tradicionales con dinero público, el ecosistema cripto se está uniendo para compensar a los afectados mediante un esfuerzo coordinado entre Aave, KelpDAO, #LayerZero , EtherFi y Compound.
$ARB
$ETH
🚨 NEW: Solv Protocol migrates from LayerZero to Chainlink's CCIP as its official cross-chain infrastructure for $700M+ in tokenized BTC following a security review#news #LayerZero #BTC #BREAKING #crypto .
callmesae187:
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DeFi圈安全大地震！7亿美金巨头直接叛逃LayerZero
家人们！DeFi圈又上演用脚投票名场面！管理超7亿美元代币化比特币资产的Solv Protocol，官宣全面弃用LayerZero，正式将Chainlink CCIP定为官方跨链基础设施解决方案！
导火索就是上个月的惊天大劫案：LayerZero支持的Kelp DAO被黑走2.92亿美元，事后双方疯狂甩锅——LayerZero称早警告过单验证器风险，Kelp直接回怼这是平台给新用户的默认配置，近47%的项目都这么用！这波拉扯直接把行业对LayerZero的信任干崩了。
更何况Solv自己3月刚被盗270万美元，是真被安全事件打怕了。说到底，跨链桥永远是DeFi最脆弱的命门，一次漏洞就能让项目和散户一起归零，在绝对的安全面前，所有花里胡哨的功能都是浮云。
你们觉得这波会不会引发LayerZero的集体出逃潮？玩跨链你最看重啥？评论区聊聊！
$BTC $ETH $BNB #LayerZero #行情分析📈 @币安广场 @Binance News
家人们！DeFi圈又上演用脚投票名场面！管理超7亿美元代币化比特币资产的Solv Protocol，官宣全面弃用LayerZero，正式将Chainlink CCIP定为官方跨链基础设施解决方案！
导火索就是上个月的惊天大劫案：LayerZero支持的Kelp DAO被黑走2.92亿美元，事后双方疯狂甩锅——LayerZero称早警告过单验证器风险，Kelp直接回怼这是平台给新用户的默认配置，近47%的项目都这么用！这波拉扯直接把行业对LayerZero的信任干崩了。
更何况Solv自己3月刚被盗270万美元，是真被安全事件打怕了。说到底，跨链桥永远是DeFi最脆弱的命门，一次漏洞就能让项目和散户一起归零，在绝对的安全面前，所有花里胡哨的功能都是浮云。
你们觉得这波会不会引发LayerZero的集体出逃潮？玩跨链你最看重啥？评论区聊聊！
$BTC $ETH $BNB #LayerZero #行情分析📈 @币安广场 @Binance News
callmesae187:
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🚨 CEO LayerZero يعترف بوجود مشاكل داخل البروتوكول!
الشفافية مهمة… لكن الأسواق لا ترحم الأخطاء ⚠️
المستثمرون الآن يراقبون هل سيتم إصلاح الوضع أم أن الثقة بدأت تهتز 👀
#LayerZero #Crypto #Blockchain #LayerZeroCEOAdmitsProtocolFailures
الشفافية مهمة… لكن الأسواق لا ترحم الأخطاء ⚠️
المستثمرون الآن يراقبون هل سيتم إصلاح الوضع أم أن الثقة بدأت تهتز 👀
#LayerZero #Crypto #Blockchain #LayerZeroCEOAdmitsProtocolFailures
LayerZero is catching a nice bid here. Shorts who thought the bounce was over just got liquidated. Never bet against a recovery! 💎🆙
$ZRO
🟢 LIQUIDITY ZONE HIT 🟢
Short liquidation spotted 🧨
$720K cleared at $1.46
Upside liquidity swept — If we hold $1.45, the next leg up is going to be spicy. 👀
🎯 Targets: $1.58 | $1.65
#zro #LayerZero #cryptotrading
$ZRO
🟢 LIQUIDITY ZONE HIT 🟢
Short liquidation spotted 🧨
$720K cleared at $1.46
Upside liquidity swept — If we hold $1.45, the next leg up is going to be spicy. 👀
🎯 Targets: $1.58 | $1.65
#zro #LayerZero #cryptotrading
🚨 BREAKING: US–IRAN TENSIONS MAY BE COOLING DOWN 🚨
Major developments are unfolding right now, and global markets are reacting fast 🌍📈
Reports suggest the US and Iran are moving toward a temporary agreement aimed at preventing further escalation in the region.
The proposed deal reportedly includes: 👉 Iran pausing parts of its nuclear enrichment activities
👉 The US easing sanctions and releasing billions in frozen funds
👉 Reduced restrictions around the Strait of Hormuz
👉 A new 30-day negotiation window between both sides
Iran is expected to give its response within the next 48 hours ⏳
If negotiations continue positively, this could become highly bullish for crypto markets 🚀
Lower geopolitical tension may: ✅ Reduce fear across financial markets
✅ Stabilize oil prices
✅ Bring liquidity and confidence back into crypto
$BTC , $ETH , and $SOL could all benefit if risk appetite returns.
This is why smart money follows geopolitical events before the crowd catches on 👀
#Bitcoin #Ethereum #Solana #CryptoNews #BTC #ETH #SOL #Binance #Aave #LayerZero
Major developments are unfolding right now, and global markets are reacting fast 🌍📈
Reports suggest the US and Iran are moving toward a temporary agreement aimed at preventing further escalation in the region.
The proposed deal reportedly includes: 👉 Iran pausing parts of its nuclear enrichment activities
👉 The US easing sanctions and releasing billions in frozen funds
👉 Reduced restrictions around the Strait of Hormuz
👉 A new 30-day negotiation window between both sides
Iran is expected to give its response within the next 48 hours ⏳
If negotiations continue positively, this could become highly bullish for crypto markets 🚀
Lower geopolitical tension may: ✅ Reduce fear across financial markets
✅ Stabilize oil prices
✅ Bring liquidity and confidence back into crypto
$BTC , $ETH , and $SOL could all benefit if risk appetite returns.
This is why smart money follows geopolitical events before the crowd catches on 👀
#Bitcoin #Ethereum #Solana #CryptoNews #BTC #ETH #SOL #Binance #Aave #LayerZero
KelpDAO has pointed the finger at LayerZero following a major rs$ETH bridge exploit worth about $292M.
According to KelpDAO, the attacker drained roughly 116,500 rs$ETH in April by abusing a cross-chain bridge setup tied to a compromised 1:1 validator configuration—a configuration KelpDAO says was approved by LayerZero personnel.
In response, KelpDAO announced it is migrating away from LayerZero and moving to Chainlink CCIP for its cross-chain messaging/bridging needs, citing a push for stronger security and risk controls going forward.
#KelpDAO
#LayerZero
According to KelpDAO, the attacker drained roughly 116,500 rs$ETH in April by abusing a cross-chain bridge setup tied to a compromised 1:1 validator configuration—a configuration KelpDAO says was approved by LayerZero personnel.
In response, KelpDAO announced it is migrating away from LayerZero and moving to Chainlink CCIP for its cross-chain messaging/bridging needs, citing a push for stronger security and risk controls going forward.
#KelpDAO
#LayerZero
callmesae187:
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#LayerZero — fear is loud, but this is exactly where opportunity can appear.
After the KelpDAO exploit, ZRO dropped around 12.7%, while the market started questioning LayerZero’s trust layer. But LayerZero already published an incident statement, and the discussion is now moving from “panic” to “how trust gets rebuilt.”
Important context:
• KelpDAO exploit: around $290M
• ZRO current area: ~$1.42
• ATH: $7.53
• ZRO is still around 81% below ATH
• 24H volume: around $49M
For me, this is not just a fear trade — it is a recovery setup.
LayerZero still has one of the strongest cross-chain backgrounds in crypto. If confidence returns, ZRO does not need to hit ATH immediately to create a serious move. Even a partial recovery toward the $3–$5 zone would already be a major upside from here.
High fear. Strong project. Big discount.
I’m watching $ZRO closely. This could be one of those moments people look back at and say: “That was the entry.”
Not financial advice.
#LayerZero #zro #defi #bullish #LayerZeroCEOAdmitsProtocolFailures
After the KelpDAO exploit, ZRO dropped around 12.7%, while the market started questioning LayerZero’s trust layer. But LayerZero already published an incident statement, and the discussion is now moving from “panic” to “how trust gets rebuilt.”
Important context:
• KelpDAO exploit: around $290M
• ZRO current area: ~$1.42
• ATH: $7.53
• ZRO is still around 81% below ATH
• 24H volume: around $49M
For me, this is not just a fear trade — it is a recovery setup.
LayerZero still has one of the strongest cross-chain backgrounds in crypto. If confidence returns, ZRO does not need to hit ATH immediately to create a serious move. Even a partial recovery toward the $3–$5 zone would already be a major upside from here.
High fear. Strong project. Big discount.
I’m watching $ZRO closely. This could be one of those moments people look back at and say: “That was the entry.”
Not financial advice.
#LayerZero #zro #defi #bullish #LayerZeroCEOAdmitsProtocolFailures
LayerZero CEO Breaks Silence: Admits "Protocol Failures" After $292M Exploit
In a candid public statement, LayerZero Labs Co-Founder and CEO Bryan Pellegrino has officially acknowledged significant lapses following the devastating Kelp DAO exploit.
Pellegrino admitted that the protocol's failure to prevent or flag the "1/1 security configuration"—the exact vulnerability used in the $292 million attack—reflected a serious lapse in both product design and customer communication.
🔍 Key Highlights of the Admission:
> The "1/1" Oversight: Pellegrino admitted he wrongly assumed no major application would secure billions in TVL using a single verifier setup.
> Communication Breakdown: The CEO noted that LayerZero compounded the crisis by changing RPC quorums without properly notifying affected clients.
> A Shift in Focus: Moving forward, LayerZero Labs will refocus entirely on asset issuers and the upcoming launch of the Zero L1 blockchain.
While the CEO maintains that the core protocol code remained uncompromised, the admission of architectural and communication "failures" marks a pivotal moment for $ZRO holders and the broader DeFi ecosystem.
What’s next for LayerZero? As the team pledges a security overhaul, the market is closely watching if these changes can restore trust in the cross-chain giant.
#LayerZero #zro #CryptoNews #defi #writetoearn
In a candid public statement, LayerZero Labs Co-Founder and CEO Bryan Pellegrino has officially acknowledged significant lapses following the devastating Kelp DAO exploit.
Pellegrino admitted that the protocol's failure to prevent or flag the "1/1 security configuration"—the exact vulnerability used in the $292 million attack—reflected a serious lapse in both product design and customer communication.
🔍 Key Highlights of the Admission:
> The "1/1" Oversight: Pellegrino admitted he wrongly assumed no major application would secure billions in TVL using a single verifier setup.
> Communication Breakdown: The CEO noted that LayerZero compounded the crisis by changing RPC quorums without properly notifying affected clients.
> A Shift in Focus: Moving forward, LayerZero Labs will refocus entirely on asset issuers and the upcoming launch of the Zero L1 blockchain.
While the CEO maintains that the core protocol code remained uncompromised, the admission of architectural and communication "failures" marks a pivotal moment for $ZRO holders and the broader DeFi ecosystem.
What’s next for LayerZero? As the team pledges a security overhaul, the market is closely watching if these changes can restore trust in the cross-chain giant.
#LayerZero #zro #CryptoNews #defi #writetoearn
🚨 A $292M exploit just rewired how DeFi thinks about cross-chain security.
And one protocol just made the move everyone else is too slow to make.
Kelp DAO is ditching LayerZero.
Not quietly. Not partially.
Fully migrating to Chainlink CCIP and becoming the first major protocol to walk away from LayerZero after April's catastrophic rsETH bridge hack.
Here's what actually happened:
One verifier.
ONE.
That's all it took to drain $292 million from a bridge securing real user funds.
A single point of failure and nearly half of all LayerZero apps were running the exact same default setup when it happened.
Kelp isn't waiting for a patch or a post-mortem PDF.
They're moving to Chainlink's CCIP a standard backed by 16+ independent node operators validating every single transaction.
That's not an upgrade. That's a completely different threat model.
The uncomfortable truth?
Most cross-chain protocols are one misconfigured setting away from the same fate.
The default is the danger.
When a $292M hack isn't enough to wake up the rest of the industry watch which protocols actually move.
Those are the ones worth paying attention to.
Kelp just moved.
#DeFi #Chainlink #LayerZero #CryptoSecurity #Web3
And one protocol just made the move everyone else is too slow to make.
Kelp DAO is ditching LayerZero.
Not quietly. Not partially.
Fully migrating to Chainlink CCIP and becoming the first major protocol to walk away from LayerZero after April's catastrophic rsETH bridge hack.
Here's what actually happened:
One verifier.
ONE.
That's all it took to drain $292 million from a bridge securing real user funds.
A single point of failure and nearly half of all LayerZero apps were running the exact same default setup when it happened.
Kelp isn't waiting for a patch or a post-mortem PDF.
They're moving to Chainlink's CCIP a standard backed by 16+ independent node operators validating every single transaction.
That's not an upgrade. That's a completely different threat model.
The uncomfortable truth?
Most cross-chain protocols are one misconfigured setting away from the same fate.
The default is the danger.
When a $292M hack isn't enough to wake up the rest of the industry watch which protocols actually move.
Those are the ones worth paying attention to.
Kelp just moved.
#DeFi #Chainlink #LayerZero #CryptoSecurity #Web3
LayerZero’s verifier failure exposes a brittle security model for $ZRO holders ⚠️
LayerZero’s CEO has now acknowledged the flaw, confirming what the market feared after the $292 million drain: the incident was not merely a user misconfiguration, but a structural weakness in a default 1-of-1 verifier setup. The initial attempt to frame the event as KelpDAO’s operational error has given way to a broader security reset, with the protocol now signaling a move toward 3-to-5 verifier recommendations and a wider overhaul of its defaults. In practical terms, the episode has shifted from a single exploit to a referendum on cross-chain design itself.
My read is that this is less about one bad incident and more about the market repricing trust. Institutional allocators do not pay for narratives; they pay for fault tolerance, predictable controls, and clean failure domains. A bridge architecture that can be compromised through a single verifier creates a concentration of risk that is easy for sophisticated capital to underwrite away only after the fact, not before. The retail market is focused on the size of the loss. The more important issue is the erosion of the security premium that these interoperability protocols rely on to justify adoption, integrations, and capital stickiness.
Not financial advice. Digital assets are volatile and security headlines can materially change risk conditions.
#LayerZero #ZRO #DeFi #CryptoSecurity
LayerZero’s CEO has now acknowledged the flaw, confirming what the market feared after the $292 million drain: the incident was not merely a user misconfiguration, but a structural weakness in a default 1-of-1 verifier setup. The initial attempt to frame the event as KelpDAO’s operational error has given way to a broader security reset, with the protocol now signaling a move toward 3-to-5 verifier recommendations and a wider overhaul of its defaults. In practical terms, the episode has shifted from a single exploit to a referendum on cross-chain design itself.
My read is that this is less about one bad incident and more about the market repricing trust. Institutional allocators do not pay for narratives; they pay for fault tolerance, predictable controls, and clean failure domains. A bridge architecture that can be compromised through a single verifier creates a concentration of risk that is easy for sophisticated capital to underwrite away only after the fact, not before. The retail market is focused on the size of the loss. The more important issue is the erosion of the security premium that these interoperability protocols rely on to justify adoption, integrations, and capital stickiness.
Not financial advice. Digital assets are volatile and security headlines can materially change risk conditions.
#LayerZero #ZRO #DeFi #CryptoSecurity
⚡️ Kelp Migrates Immediately! After LayerZero Bridge Hack 🚪💨
Following the massive exploit, Kelp didn't wait around. They announced an instant switch to Chainlink CCIP for maximum security 🔒
🔍 Situation Summary:
• The LayerZero bridge was exploited, resulting in a loss of $292 Million.
• Kelp confirms they were $NOT directly affected or harmed by this incident.
• However, to ensure the highest safety standards, they are moving their cross-chain infrastructure to Chainlink instead.
🛡️ Safety First:
This decision shows the project prioritizes user funds above all else and is always ready to adapt for better security ✅
$LINK $ZRO #LayerZero #Chainlink #CCIP #Hack #Bridge
Following the massive exploit, Kelp didn't wait around. They announced an instant switch to Chainlink CCIP for maximum security 🔒
🔍 Situation Summary:
• The LayerZero bridge was exploited, resulting in a loss of $292 Million.
• Kelp confirms they were $NOT directly affected or harmed by this incident.
• However, to ensure the highest safety standards, they are moving their cross-chain infrastructure to Chainlink instead.
🛡️ Safety First:
This decision shows the project prioritizes user funds above all else and is always ready to adapt for better security ✅
$LINK $ZRO #LayerZero #Chainlink #CCIP #Hack #Bridge
KelpDAO vs LayerZero is turning into one of the biggest crypto disputes of the year 🚨
A massive $292M exploit linked to rsETH bridge has sparked serious accusations:
KelpDAO blames LayerZero
LayerZero fires back, pointing to a flawed single-verifier setup
Meanwhile: 💰 $71M already frozen on Arbitrum
⚖️ Legal battle underway in New York
This isn’t just about one exploit…
It’s about security models, accountability, and trust in cross-chain infrastructure.
In crypto, one weak point can cost hundreds of millions.
Stay sharp. Verify everything.
#CryptoNewss #defi #LayerZero #KelpDAO #Arbitrum
$USDC
A massive $292M exploit linked to rsETH bridge has sparked serious accusations:
KelpDAO blames LayerZero
LayerZero fires back, pointing to a flawed single-verifier setup
Meanwhile: 💰 $71M already frozen on Arbitrum
⚖️ Legal battle underway in New York
This isn’t just about one exploit…
It’s about security models, accountability, and trust in cross-chain infrastructure.
In crypto, one weak point can cost hundreds of millions.
Stay sharp. Verify everything.
#CryptoNewss #defi #LayerZero #KelpDAO #Arbitrum
$USDC
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