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Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster
A recent crypto controversy has erupted, with Kelp DAO set to contest LayerZero's analysis 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 about its single-verifier setup is unfounded. The liquid restaking protocol, which operates by routing user-deposited …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Disaster, Citing Default Settings as the 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 a source familiar with the matter, Kelp DAO plans to dispute LayerZero's claims that it ignored repeated warnings to move away from a single-verifier setup. Instead, Kelp DAO claims that the compromised verifier was part of LayerZero's own infrastru…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero for $290 Million Disaster, Citing Default Settings
A recent crypto incident has sparked a heated debate, with Kelp DAO set to dispute LayerZero's account 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 liquid restaking protocol, which takes user-d…
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. Kelp DAO, a liquid restaking protocol, is pushing back against 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 Layer…
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 each party blaming the other for the massive $290 million loss. The incident 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 verif…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
A highly publicized cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to challenge LayerZero's account of the $290 million disaster. According to a source familiar with the matter, Kelp will dispute LayerZero's claim that it was to blame for ignoring warnings about its single-verifier setup. The liquid restaking protocol asserts that the compromised …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Responsibility for $290 Million Exploit
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party blaming the other for the massive $290 million loss. According to a source familiar with the matter, Kelp DAO plans to dispute LayerZero's claim that it was responsible for the exploit due to its use of a single-verifier setup. Instead, Kelp DAO argues that the compromised verifier was part…
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 pointing fingers at the other. The incident in question involved a $290 million loss due to a compromised verifier. Kelp DAO claims that the compromised verifier was part of LayerZero's own infrastructure and that the setup was based on LayerZero's default configuration. According to a sourc…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Responsibility for $290 Million Loss
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with each side assigning blame for the $290 million loss. According to a source familiar with the matter, Kelp DAO is set to challenge LayerZero's post-mortem analysis, which essentially holds Kelp responsible for ignoring warnings about its single-verifier setup. The liquid restaking protocol claims that …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Challenges LayerZero's Account of $290 Million Disaster, Citing Default Settings as Culprit
A recent incident has sparked a heated debate in the crypto community, with Kelp DAO and LayerZero presenting differing accounts of a $290 million disaster. According to a source familiar with the matter, Kelp DAO plans to refute LayerZero's post-mortem analysis, which essentially blames Kelp for ignoring warnings about its single-verifier setup. Kelp, a liquid restaking protocol, reportedly inte…
April 20, 2026, 2:41 p.m.