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  3. KelpDAO Switches to Chainlink CCIP After $292M LayerZero Exploit
1 hour ago

KelpDAO Switches to Chainlink CCIP After $292M LayerZero Exploit

DeFiChainlink CCIPcross-chain securityDeFi exploitDVN ConfigurationKelpDAOLayerZeroLazarus GrouprsETH

TLDR: KelpDAO lost 116,500 rsETH in an April 18 exploit tied to North Korea’s Lazarus Group via LayerZero. LayerZero’s 1-of-1 DVN setup was used by 47% of OApp contracts, contradicting claims it was unique to Kelp. KelpDAO intervened to block $100M in additional forged transactions before pausing its bridge contracts. KelpDAO is now migrating to [...]

The post KelpDAO Switches to Chainlink CCIP After $292M LayerZero Exploit appeared first on Blockonomi.

Source: Blockonomi →

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