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Kelp DAO Disputes LayerZero's Account of $290 Million Exploit, Citing Default Settings as Culprit
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with Kelp set to dispute 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 config…
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 party attempting to shift the blame. According to a source familiar with the matter, Kelp DAO plans to refute LayerZero's claim 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 se…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claim of Liability in $290 Million Hack
A recent $290 million hack has led to a dispute between Kelp DAO and LayerZero, with Kelp planning to contest LayerZero's claim that it was responsible for the breach. According to a source familiar with the matter, Kelp will argue that the compromised verifier was part of LayerZero's own infrastructure and that the setup was based on LayerZero's default configuration. The hack occurred when atta…
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 crypto exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party blaming the other for the security breach. According to a source familiar with the matter, Kelp DAO plans to dispute LayerZero's claim that it ignored warnings about its single-verifier setup. Instead, Kelp DAO claims that the compromised verifier was part of LayerZero's own infrastruc…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Exploit
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 argue that the compromised verifier was actually part of LayerZero's own infrastructure, rather than a third-party verifier. The dispute centers around the '1/1 configuration' …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Account of $290 Million Crypto Heist
A recent cryptocurrency exploit has sparked a heated debate between Kelp DAO and LayerZero, with each party pointing fingers at the other. The incident in question involved the theft of approximately $290 million worth of rsETH, a receipt token issued by Kelp DAO, from a LayerZero-powered bridge. According to Kelp DAO, the compromised verifier was part of LayerZero's own infrastructure, and the s…
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 disaster has sparked a heated debate 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, rather than a third-party verifier. The incident occurred when attackers drained 116,500 …
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Exploit
A recent crypto controversy has sparked a heated debate, with Kelp DAO set to challenge LayerZero's explanation 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. The liquid restaking protocol claims that the compromised verifier was actuall…
April 20, 2026, 2:41 p.m.
Tech
Kelp DAO Disputes LayerZero's Claims Over $290 Million Exploit
A recent crypto controversy has sparked debate, with Kelp DAO set to challenge LayerZero's assessment of the $290 million exploit. 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, which was criticized by LayerZero, was actually the default configuration provided by the cross-chain messa…
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 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 DAO plans to counter LayerZero's claim that the protocol ignored warnings about its single-verifier setup. Kelp DAO is a liquid restaking protocol that utilizes user-deposited ethe…
April 20, 2026, 2:41 p.m.