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Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Claims Default Settings Were to Blame
A recent exploit resulting in the loss of $290 million has sparked a dispute between Kelp DAO and LayerZero, with Kelp set to challenge LayerZero's post-mortem analysis of the incident. According to a source familiar with the matter, Kelp plans to argue that the compromised verifier was not a third-party entity, but rather part of LayerZero's own infrastructure. Furthermore, Kelp claims that the …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero for $290 Million Disaster, Citing Default Settings
A recent cryptocurrency incident has sparked a heated debate, with Kelp DAO pushing back against LayerZero's assessment of a $290 million exploit. According to a source familiar with the matter, Kelp plans to argue that the compromised verifier was actually part of LayerZero's infrastructure, and that the setup in question was based on LayerZero's default configuration. This development has signi…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to challenge LayerZero's account of the incident. According to a source familiar with the matter, Kelp will argue that the compromised verifier was part of LayerZero's own infrastructure, and that the setup in question was LayerZero's default configuration. This comes after attackers drained …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as the Cause
A recent incident has sparked a heated debate in the crypto community, with Kelp DAO set to challenge LayerZero's post-mortem of the $290 million exploit that occurred on Sunday. According to a source familiar with the matter, Kelp plans to argue that the cross-chain messaging firm's claim that it ignored warnings to move away from a single-verifier setup is inaccurate. The dispute centers around…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims on $290 Million Disaster, Citing 'Default' Settings as the Cause
A recent cryptocurrency incident has sparked a heated debate, 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 plans to contest LayerZero's claim that it ignored repeated warnings to move away from a single-verifier setup. The dispute centers around the cross-chain messaging firm's assertio…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Disaster, Claims Default Settings Were to Blame
A highly publicized $290 million crypto exploit has sparked a heated debate between Kelp DAO and LayerZero, with each side presenting a different account of the events leading up to the disaster. According to sources familiar with the matter, Kelp DAO is set to challenge LayerZero's post-mortem analysis, which places the blame on Kelp for ignoring warnings about its single-verifier setup. Kelp pl…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
A recent incident involving a $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party attempting to shift the blame. The exploit occurred when attackers drained 116,500 rsETH, worth approximately $290 million, from Kelp's LayerZero-powered bridge by compromising the servers that LayerZero's verifier relied on. Kelp DAO claims that the compromised verifier …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $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 massive loss. Kelp DAO, a liquid restaking protocol, claims that the compromised verifier was part of LayerZero's own infrastructure and that the setup it was criticized for using was actually LayerZero's default configuration. According to a source familiar with the…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Counters LayerZero's Claims, Alleging Default Settings Caused $290 Million Disaster
A recent incident has sparked a heated debate in the crypto community, with Kelp DAO and LayerZero at the center. The $290 million exploit has led to a blame game, with each party accusing the other of negligence. According to a source familiar with the matter, Kelp DAO plans to contest LayerZero's claim that it ignored warnings to move away from a single-verifier setup. Instead, Kelp DAO claims …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero for $290 Million Disaster, Citing Default Settings
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with each side pointing fingers at the other. The incident in question involved the theft of $290 million worth of rsETH, a receipt token issued by Kelp DAO. According to Kelp, the compromised verifier was part of LayerZero's own infrastructure, and the setup that was faulted for the exploit was actually L…
April 20, 2026, 2:41 p.m.