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Kelp DAO Disputes LayerZero's Account of $290 Million Exploit
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with each side blaming the other for the $290 million disaster. The incident occurred when attackers drained 116,500 rsETH, worth about $290 million, from Kelp's LayerZero-powered bridge by poisoning the servers that LayerZero's verifier relied on to check transactions. Kelp DAO is now set to dispute Layer…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster
A recent crypto incident has sparked a heated debate, with Kelp DAO set to challenge LayerZero's post-mortem analysis of the $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 own infrastructure, and that the setup in question was the default configuration provided by LayerZero. The incident occu…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Exploit, Alleging Default Settings Were to Blame
A recent crypto exploit has sparked a heated debate, with Kelp DAO set to challenge LayerZero's account of the $290 million disaster. 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 was based on LayerZero's default configuration. The incident occurred when attackers drained 116,50…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Blames LayerZero's Default Settings for $290 Million Disaster
A recent exploit resulted in the loss of $290 million from Kelp DAO, a liquid restaking protocol, with the company now set to dispute LayerZero's post-mortem of the incident. According to a source familiar with the matter, Kelp DAO plans to argue that the compromised verifier was part of LayerZero's own infrastructure, not a third-party verifier, and that the setup it was using was LayerZero's de…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
A recent $290 million disaster has led to a heated debate between Kelp DAO and LayerZero, with each party blaming the other for the massive loss. The exploit, which occurred on Sunday, was made possible by a sophisticated attack on LayerZero's verifier, which Kelp DAO claims was part of LayerZero's own infrastructure. According to Kelp DAO, the setup that was compromised was based on LayerZero's …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster, Citing Default Settings as Culprit
A recent crypto controversy is unfolding, 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 counter LayerZero's assertion that it was to blame for the incident due to its use of a single-verifier setup. Instead, Kelp claims that the compromised verifier was part of LayerZero's own i…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Exploit
A recent crypto controversy has sparked 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 DAO plans to contest LayerZero's claim that it ignored warnings about its single-verifier setup. Instead, Kelp DAO will argue that the compromised verifier was actually part of LayerZero's own i…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO disputes LayerZero's account of $290 million exploit, cites 'default' settings as cause
A recent $290 million disaster has sparked a heated debate between Kelp DAO and LayerZero, with each side pointing fingers at the other. According to sources, Kelp DAO is preparing to challenge LayerZero's post-mortem analysis of the incident, which blamed Kelp for ignoring warnings about its single-verifier setup. Kelp, a liquid restaking protocol, takes user-deposited ether and issues a receipt…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO disputes LayerZero's claim, argues 'default' settings led to $290 million loss
A recent cryptocurrency incident has sparked a heated debate, with Kelp DAO and LayerZero pointing fingers at each other. The issue began when Kelp DAO's liquid restaking protocol was exploited, resulting in a massive $290 million loss. According to sources, Kelp DAO plans to dispute LayerZero's claim that the protocol ignored warnings about its single-verifier setup. Instead, Kelp DAO argues tha…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Counters LayerZero's Claims, Alleging Default Settings Caused $290 Million Disaster
A recent $290 million 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 plans to argue that the compromised verifier was actually part of LayerZero's own infrastructure, rather than a third-party verifier. The dispute centers around the use of a single-verifier se…
April 20, 2026, 2:41 p.m.