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Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as Culprit
A recent exploit resulting in a $290 million loss has sparked a heated debate between Kelp DAO and LayerZero. Kelp DAO, a liquid restaking protocol, is pushing back against LayerZero's post-mortem analysis, which blamed Kelp for ignoring 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 …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Responsibility in $290 Million Exploit
A recent $290 million disaster has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to dispute LayerZero's claim that it ignored warnings to move away from a single-verifier setup. According to a source familiar with the matter, Kelp plans to argue that the compromised verifier was actually LayerZero's own infrastructure and that the setup it was faulted for running was Layer…
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 shifting blame for the massive $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 verifier. Kelp DAO claims that the compromised verifier was part of LayerZero'…
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. The controversy revolves around a massive exploit that occurred on Sunday, resulting in significant financial losses. According to sources familiar with the matter, Kelp DAO plans to contest LayerZero's claims that the liquid restaking protocol ignored repeated …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Incident
A recent incident involving a $290 million exploit 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 account of the events, which places the blame on Kelp for ignoring warnings about its single-verifier setup. Kelp plans to argue that the compromised verifier was actually part of LayerZero's own inf…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Disaster, Citing Default Settings
A recent incident involving a $290 million exploit has sparked a heated debate between Kelp DAO and LayerZero. According to sources, Kelp DAO plans to dispute LayerZero's claims that it ignored warnings about its single-verifier setup. Instead, Kelp DAO argues that the compromised verifier was part of LayerZero's own infrastructure and that the setup was based on LayerZero's default onboarding co…
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 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 is now push…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Disaster
A recent $290 million disaster has sparked a heated debate between Kelp DAO and LayerZero, with each party shifting the blame to the other. Kelp DAO, a liquid restaking protocol, has come forward to dispute LayerZero's post-mortem analysis of the incident, which essentially blames Kelp for ignoring warnings about its single-verifier setup. According to a source familiar with the matter, Kelp plan…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Loss
A recent incident involving a $290 million loss has sparked a heated debate between Kelp DAO and LayerZero. Kelp DAO is pushing back against LayerZero's claims that it was responsible for the loss due to its use of a single-verifier setup. According to Kelp DAO, the compromised verifier was actually part of LayerZero's own infrastructure, and the setup in question was the default configuration pr…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as the Cause
A recent crypto controversy is unfolding as Kelp DAO prepares to challenge 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 Kelp ignored warnings about its single-verifier setup is inaccurate. Instead, Kelp will assert that the compromised decentralized ver…
April 20, 2026, 2:41 p.m.