Kelp DAO Disputes LayerZero's Claims Regarding $290 Million Hack

A recent $290 million hack has sparked a heated debate between Kelp DAO and LayerZero, with each side pointing fingers at the other. Kelp DAO is pushing back against LayerZero's claims that it ignored warnings about its single-verifier setup, which was allegedly to blame for the massive exploit. According to Kelp DAO, the compromised verifier was actually part of LayerZero's own infrastructure, and the setup was based on LayerZero's default configuration. The dispute centers around the use of a 1/1 configuration, which means only one validator is required to sign off on a cross-chain message for the bridge to act on it. Kelp DAO claims that this setup was recommended by LayerZero and is used by 40% of protocols on the platform. Security researchers have also questioned LayerZero's framing of the incident, with some accusing the company of deflecting responsibility. The incident has sparked a wider debate about the security of cross-chain messaging protocols and the need for greater transparency and accountability.