Kelp DAO Challenges 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 side pointing fingers at the other. The incident in question involved a $290 million loss due to a compromised verifier. According to Kelp DAO, the compromised entity was actually part of LayerZero's infrastructure, and the setup that was allegedly faulty was, in fact, the default configuration p…
April 20, 2026, 2:41 p.m.