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Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as the Cause
A recent crypto controversy has emerged, with Kelp DAO set to challenge LayerZero's post-exploit analysis, which attributed blame to Kelp for the $290 million disaster. According to a source familiar with the matter, Kelp will argue that the compromised verifier was actually part of LayerZero's own infrastructure and that the setup in question was based on LayerZero's default onboarding configura…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Disaster, Blames Default Settings
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to challenge LayerZero's post-mortem of the $290 million disaster. According to a source familiar with the matter, Kelp plans to argue that the compromised verifier was part of LayerZero's own infrastructure, not a third-party verifier, and that the setup was based on LayerZero's default conf…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Hack
A recent $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp planning to dispute LayerZero's claims that it ignored warnings about its single-verifier setup. According to a source familiar with the matter, Kelp will argue that the compromised verifier was actually part of LayerZero's own infrastructure, and that the setup used was based on LayerZero's defaul…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $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 to check transactions. Kelp DAO claims that…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing 'Default' Settings
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party assigning blame for the $290 million disaster. The incident occurred when attackers drained 116,500 rsETH, worth approximately $290 million, from Kelp's LayerZero-powered bridge. Kelp DAO, a liquid restaking protocol, claims that the compromised decentralized verifier network (DVN) was part…
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 side assigning blame for the $290 million disaster. The controversy centers around the use of a single-verifier setup, which Kelp DAO claims was LayerZero's default configuration. According to a source familiar with the matter, Kelp plans to counter LayerZero's post-mortem analysis, which essenti…
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 assigning blame to the other. The incident in question involved a $290 million loss due to a compromised verifier. Kelp DAO, a liquid restaking protocol, claims that the compromised entity was actually part of LayerZero's infrastructure, not a third-party verifier as LayerZero suggests. Fur…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Hack, Citing Default Settings as Culprit
A recent crypto controversy has drawn comparisons to a popular Spiderman meme, where three identical superheroes point fingers at each other. In this case, Kelp DAO is pushing back against LayerZero's post-mortem of the $290 million exploit that occurred on Sunday. According to a source familiar with the matter, Kelp plans to dispute LayerZero's claim that it ignored warnings to move away from a …
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 each side assigning blame for the $290 million disaster. Kelp DAO, a liquid restaking protocol, claims that the compromised verifier was part of LayerZero's own infrastructure and that the setup in question was the default configuration provided by LayerZero. According to a source familiar with the ma…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit
A recent crypto debacle has sparked a heated debate, 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 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 Layer…
April 20, 2026, 2:41 p.m.