Aave vote targets $71M in disputed Kelp exploit ETH
An Aave vote opening May 15 would transfer 30,765 ETH to Aave LLC as part of the Kelp exploit recovery.…
Tag: kelp
LayerZero says it ‘made a mistake’ in $292 Million Kelp exploit
LayerZero said late Friday U.S. time that it “made a mistake” allowing its own verification infrastructure to secure high-value crypto…
Kelp DAO moves rsETH to Chainlink CCIP as LayerZero dispute grows
Kelp DAO said it will migrate rsETH to Chainlink’s Cross-Chain Interoperability Protocol after April’s $292 million bridge exploit, while its…
Kelp says LayerZero approved setup it blamed for $292 million bridge hack
Kelp DAO claims that LayerZero personnel approved the 1-of-1 verifier setup, a decision LayerZero has since cited as the reason…
Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit
In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual…
Circle quietly plugs Aave’s hole as DeFi’s Kelp shock tests USDC strategy
Circle Ventures snaps up AAVE days after a $293M KelpDAO exploit, shoring up Aave’s bad‑debt shock while Washington weighs a…
Aave, Kelp seek $71M ETH release for rsETH rescue
Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound have asked the Arbitrum DAO to release 30,765.67 ETH tied to the…
Polymarket traders don’t see Kelp socializing losses after $292 million exploit
A Polymarket contract on whether Kelp DAO will spread the losses from the weekend’s $292 million exploit beyond those directly…
The $292 million Kelp DAO exploit shows why crypto bridges are still one of the industry’s weakest links
The $292 million exploit tied to KelpDAO is the latest in a long line of crypto bridge hacks, underscoring how…
Kelp DAO exploited for $292 million
Network News KELP DAO EXPLOIT: A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just…