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Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Claims Default Settings Were to Blame
A recent crypto controversy has erupted, with Kelp DAO set to challenge LayerZero's explanation 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 was to blame for ignoring warnings about its single-verifier setup. The issue centers around the cross-chain messaging firm's role in the exploit, which s…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to contest LayerZero's post-mortem analysis 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 own infrastructure, and that the setup in question was LayerZero's default configuration…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding the $290 Million Exploit
A recent exploit resulting in the loss of $290 million has sparked a heated debate between Kelp DAO and LayerZero. According to a source familiar with the matter, Kelp DAO is set to challenge LayerZero's post-mortem analysis of the incident, which essentially blames Kelp for ignoring warnings about its single-verifier setup. Kelp plans to argue that the compromised verifier was actually part of L…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Claims Default Settings Were to Blame
A recent $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero, with each side pointing fingers at the other. The incident involved the compromise of a single verifier, which was allegedly part of LayerZero's infrastructure. Kelp DAO claims that the setup was based on LayerZero's default configuration and that the company had not provided any specific recommendations to …
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, with Kelp DAO set to dispute LayerZero's claims that it was responsible for the $290 million disaster. According to a source familiar with the matter, Kelp DAO will argue that the compromised verifier was part of LayerZero's own infrastructure, and that the setup that was exploited was based on LayerZero's default configuration. The inc…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as Culprit
A recent $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero, with each side pointing fingers at the other. The incident occurred when attackers drained 116,500 rsETH, worth around $290 million, from Kelp's LayerZero-powered bridge by compromising the servers that LayerZero's verifier relied on. Kelp DAO is now set to dispute LayerZero's post-mortem of the incident, wh…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Responsibility for $290 Million Disaster
A recent crypto controversy is unfolding, with Kelp DAO set to challenge 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 counter LayerZero's claim that it ignored repeated warnings to move away from a single-verifier setup. The liquid restaking protocol asserts that the compromised verifier was act…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster
A recent cryptocurrency incident has sparked a heated debate between Kelp DAO and LayerZero, with Kelp planning to refute LayerZero's post-mortem analysis of the $290 million exploit. According to a source familiar with the matter, Kelp will claim that the compromised verifier was actually part of LayerZero's own infrastructure, and the setup that was criticized was LayerZero's default onboarding…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Incident, Citing Default Settings
A recent $290 million exploit has sparked 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 confi…
April 20, 2026, 2:41 p.m.
Tech
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 approximately $290 million, from Kelp's LayerZero-powered bridge by compromising LayerZero's servers. Kelp DAO claims that the compromised verifier was part of LayerZero's own i…
April 20, 2026, 2:41 p.m.