Ethereum Bridge Exploit KelpDAO Sues LayerZero
Evercrest Technologies sues LayerZero entities over a $292M rsETH bridge exploit, alleging negligence and misrepresentation. Case filed in British Columbia’s Supreme Court. #Breaking #Legal
KelpDAO
Chainlink Surges as $3B KelpDAO Exploit Winner
@Chainlink sees a migration of over $3 billion in total value locked to its Cross-Chain Interoperability Protocol (CCIP) post-KelpDAO’s $292 million exploit, as DeFi protocols seek enhanced security. #Update #Crypto $LINK
LayerZero Criticized: $290M Hack Looms
LayerZero faces backlash for blaming KelpDAO’s verifier setup after a $290M exploit, with critics questioning accountability and system design. #Breaking #Crypto