Urgent: $292M exploit triggers DeFi cascade $BNB bridging impacted
Lazarus Group hit Kelp DAO via its LayerZero bridge, draining $292M:
$236M WETH borrowed through Aave, leaving ~$280M in bad debt
Aave froze rsETH and WETH markets across V3 and V4
Curve paused BNB Chain bridging as a precaution
DeFi TVL dropped $13.21B in 48 hours, now around $86.29B
State-backed exploits don’t just drain funds they fracture trust and stall core infrastructure. That’s the real risk.
$BNB exposure appears contained, but bridging risk remains elevated until LayerZero completes and releases its audit.
For now, the system is in containment mode.
BNB
634.32
+0.49%