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Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent exploit of the Kelp DAO and LayerZero bridge has put lending protocol Aave at risk of losing up to $230 million, with the final outcome contingent upon how the situation is resolved. According to a report by Aave Labs and LlamaRisk, the incident revolves around rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to transfer tokens between blockchains. An…
April 20, 2026, 9:03 p.m.
Tech
Aave Faces Potential Losses of Up to $230 Million Following Kelp DAO Bridge Exploit
A recent bridge exploit involving Kelp DAO and LayerZero has put Aave at risk of losing up to $230 million, with the final impact dependent on how the situation is resolved. The exploit centered on rsETH, a liquid restaking token issued by KelpDAO, which relies on a bridge mechanism to move tokens between blockchains. An attacker manipulated this setup by forging a transfer message, resulting in …
April 20, 2026, 9:03 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero for $290 Million Disaster, Citing Default Settings
A recent cryptocurrency exploit has sparked a blame game between Kelp DAO and LayerZero, with Kelp set to dispute LayerZero's claim that it ignored warnings about its single-verifier setup. The incident involved a $290 million loss due to a 'sophisticated state-sponsored attack' that compromised LayerZero's servers. Kelp claims that the compromised verifier was part of LayerZero's own infrastruct…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Alleges LayerZero's Default Settings Caused $290 Million Disaster
A recent $290 million crypto disaster has sparked a heated debate between Kelp DAO and LayerZero. The liquid restaking protocol is pushing back against LayerZero's post-mortem of the incident, which blamed Kelp for ignoring warnings about its single-verifier setup. However, Kelp claims that the compromised verifier was actually part of LayerZero's own infrastructure and that the setup was LayerZe…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Responsibility for $290 Million Exploit
A recent crypto exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party blaming the other for the $290 million disaster. Kelp DAO, a liquid restaking protocol, claims that the compromised verifier was actually part of LayerZero's own infrastructure, and that the setup it was using was the default configuration provided by LayerZero. This configuration, known as a 1/1 s…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as Primary Cause
A recent $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to challenge LayerZero's post-mortem analysis. According to a source familiar with the matter, Kelp plans to argue that the compromised verifier was part of LayerZero's own infrastructure, and that the setup was based on LayerZero's default configuration. The exploit occurred when attackers dra…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero's Default Settings for $290 Million Disaster
A recent $290 million exploit has led to a heated debate between Kelp DAO and LayerZero, with Kelp set to dispute LayerZero's claim that it ignored warnings about its single-verifier setup. According to a source familiar with the matter, Kelp plans to argue that the compromised verifier was actually part of LayerZero's own infrastructure, and that the setup was based on LayerZero's default config…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit
A recent $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party blaming the other for the disaster. According to a source familiar with the matter, Kelp DAO plans to dispute LayerZero's claim that it ignored repeated warnings to move away from a single-verifier setup. Instead, Kelp DAO argues that the compromised verifier was part of LayerZero's own infra…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Exploit
A recent crypto controversy has erupted, with Kelp DAO set to challenge LayerZero's account of the $290 million exploit that occurred on Sunday. According to a source familiar with the matter, Kelp DAO plans to contest LayerZero's claim that it ignored warnings to change its single-verifier setup. The liquid restaking protocol claims that the compromised verifier was actually part of LayerZero's …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster, Citing Default Settings as the Cause
A recent cryptocurrency incident has sparked a heated debate, with Kelp DAO set to dispute LayerZero's post-mortem analysis of the $290 million exploit that occurred on Sunday. According to a source familiar with the matter, Kelp plans to argue that it was LayerZero's own infrastructure and default settings that led to the disaster, rather than Kelp's alleged failure to heed warnings about its si…
April 20, 2026, 2:41 p.m.