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Kelp DAO Disputes LayerZero's Claims Over $290 Million Hack, Points to Default Settings
A recent crypto controversy has drawn comparisons to a popular Spiderman meme, where three identical superheroes point fingers at each other. This time, it's Kelp DAO and LayerZero at the center of the dispute. Following a $290 million exploit on Sunday, LayerZero published a post-mortem that essentially blamed Kelp for ignoring warnings about its single-verifier setup. However, a source familiar…
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 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 part of LayerZero's own infrastructure, and that the setup was based on LayerZero's default configuration. The incident occurred when at…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Counters LayerZero's Claims, Asserts 'Default' Settings Led to $290 Million Loss
A recent $290 million crypto exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party pointing fingers at the other. The controversy centers around the massive loss incurred when attackers drained 116,500 rsETH from Kelp's LayerZero-powered bridge, worth approximately $290 million. Kelp DAO, a liquid restaking protocol, claims the compromised verifier was not a third-pa…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Disaster
A recent $290 million disaster has sparked a heated debate between Kelp DAO and LayerZero. According to a source familiar with the matter, Kelp DAO plans to challenge LayerZero's claim that it ignored warnings to change its single-verifier setup. Kelp DAO asserts that the compromised verifier was actually part of LayerZero's own infrastructure and that the setup was LayerZero's default configurat…
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 Kelp set to refute LayerZero's claim that it was responsible for 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 and that the setup was based on LayerZero's default configuration. Th…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO disputes LayerZero's claims, asserts 'default' settings led to $290 million loss
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 that occurred on Sunday. According to a source familiar with the matter, Kelp DAO plans to contest LayerZero's claim that it ignored warnings to change its single-verifier setup. The liquid restaking protocol takes user-deposited ether, routes it throug…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Loss
A recent crypto controversy 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 counter LayerZero's claim that it was to blame for the incident due to its use of a single-verifier setup. The liquid restaking protocol asserts that the compromised verifier w…
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 side pointing fingers at the other. The incident, which resulted in a $290 million loss, has been blamed by LayerZero on Kelp DAO's allegedly flawed configuration. However, Kelp DAO is pushing back, claiming that the compromised verifier was actually LayerZero's own infrastructure and that the se…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
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 DAO plans to dispute LayerZero's claim that it ignored warnings to move away from a single-verifier setup. Kelp is a liquid restaking protocol that utilizes user-deposited ether, routes it through a y…
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 crypto controversy has drawn comparisons to a popular meme, with Kelp DAO set to dispute LayerZero's assessment 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, rather than a third-party verifier. The incident involved the draining of …
April 20, 2026, 2:41 p.m.