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Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster
A recent exploit resulting in a $290 million loss has led to a dispute between Kelp DAO and LayerZero. Kelp DAO plans to contest LayerZero's claims that it ignored warnings about its single-verifier setup. Instead, Kelp DAO asserts that the compromised verifier was part of LayerZero's own infrastructure and that the setup was based on LayerZero's default onboarding configuration. The incident occ…
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 Kelp set to dispute LayerZero's claims 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 Claims Regarding $290 Million Disaster
A recent cryptocurrency incident 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 contest LayerZero's claim that it was to blame for the disaster due to its use of a single-verifier setup. The liquid restaking protocol asserts that the compromised verif…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Responsibility for $290 Million Disaster
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 recent crypto controversy has surfaced, 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 dispute LayerZero's claim that it ignored warnings to move away from a single-verifier setup. The popular liquid restaking protocol took user-deposited ether, routed it throu…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero for $290 Million Loss, Citing Default Settings
A recent crypto incident has sparked a heated debate, with Kelp DAO set to dispute LayerZero's claims that it ignored warnings to change its single-verifier setup. The liquid restaking protocol argues that the compromised verifier was actually part of LayerZero's own infrastructure and that the setup it used was the default recommended by LayerZero. The incident involved the theft of 116,500 rsET…
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 plans to contest LayerZero's claim that it ignored warnings to move away from a single-verifier setup. Kelp is a liquid restaking protocol that uses LayerZero's cross-chain messaging infrastructure to…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
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 challenge LayerZero's post-mortem analysis of the exploit, which suggests that Kelp ignored warnings about its single-verifier setup. Kelp, a liquid restaking protocol, claims that the compromised…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Shifts Blame to LayerZero for $290 Million Disaster, Citing Default Settings
A recent crypto controversy has drawn comparisons to a popular Spiderman meme, with Kelp DAO and LayerZero pointing fingers at each other over a $290 million exploit. According to a source familiar with the matter, Kelp DAO is disputing LayerZero's claim that it ignored warnings about its single-verifier setup. Kelp plans to argue that the compromised verifier was actually part of LayerZero's own…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO disputes LayerZero's claims, citing default settings as the cause of $290 million loss
A recent cryptocurrency incident has sparked a heated debate, with Kelp DAO and LayerZero pointing fingers at each other. Kelp DAO is contesting LayerZero's post-mortem analysis of the $290 million exploit, which occurred on Sunday. According to a source familiar with the matter, Kelp DAO plans to argue that the compromised verifier was part of LayerZero's own infrastructure and that the setup wa…
April 20, 2026, 2:41 p.m.