LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack
LayerZero Labs acknowledged a Lazarus Group attack on internal RPCs and a multisig signer's unauthorized personal trade, impacting 0.36% of assets on the protocol.
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LayerZero Labs acknowledged a Lazarus Group attack on internal RPCs and a multisig signer's unauthorized personal trade, impacting 0.36% of assets on the protocol.
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Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH.
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ETH is lagging with on-chain risk still elevated post-Kelp, while SOL dropped 3% and the broader market cap slipped 1.6% on the day.
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Maple Finance announced it has crossed $7 billion in total bridge volume, signaling growing cross-chain demand for yield-bearing dollar assets.
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