Kelp DAO Disputes LayerZero's Account of $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 in question involved a $290 million loss due to a compromised verifier. Kelp DAO claims that the compromised verifier was part of LayerZero's own infrastructure and that the setup was based on LayerZero's default configuration. 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 source also stated that all of the infrastructure involved was built and run by LayerZero, not Kelp. The incident has led to a wider discussion about the security of cross-chain messaging protocols and the need for greater transparency and accountability in the industry.