🚀📉🚨North Korea’s Lazarus Group Hits DeFi Again — $292M Exploit Rocks Bridges and $BNB💥
It looks like the Lazarus Group just pulled off another big one. They exploited Kelp DAO’s LayerZero bridge and walked away with roughly $292 million.
Here’s what happened so far:
The attacker borrowed around $236M in WETH from Aave, leaving behind roughly $280M in bad debt.
Aave quickly froze both the rsETH and WETH markets on V3 and V4.
Curve suspended bridging to the BNB Chain as a safety measure.
Overall DeFi TVL dropped more than $13 billion in just 48 hours, now sitting at about $86.3 billion.
These state-sponsored attacks are dangerous not just because of the money stolen, but because they destroy trust and force protocols to freeze everything. That kind of panic can do more long-term damage than the theft itself.
For BNB Chain, the direct exposure seems limited, but bridging risks remain high until LayerZero releases a proper audit and clarifies what went wrong.
This is exactly why cross-chain bridges continue to be one of the weakest points in DeFi.
#DeFi #CryptoSecurity #LayerZero #BNBChain
It looks like the Lazarus Group just pulled off another big one. They exploited Kelp DAO’s LayerZero bridge and walked away with roughly $292 million.
Here’s what happened so far:
The attacker borrowed around $236M in WETH from Aave, leaving behind roughly $280M in bad debt.
Aave quickly froze both the rsETH and WETH markets on V3 and V4.
Curve suspended bridging to the BNB Chain as a safety measure.
Overall DeFi TVL dropped more than $13 billion in just 48 hours, now sitting at about $86.3 billion.
These state-sponsored attacks are dangerous not just because of the money stolen, but because they destroy trust and force protocols to freeze everything. That kind of panic can do more long-term damage than the theft itself.
For BNB Chain, the direct exposure seems limited, but bridging risks remain high until LayerZero releases a proper audit and clarifies what went wrong.
This is exactly why cross-chain bridges continue to be one of the weakest points in DeFi.
#DeFi #CryptoSecurity #LayerZero #BNBChain