Kelp DAO claims LayerZero’s 'default' settings are what actually caused the massive $290 million disaster
Crypto

Kelp DAO claims LayerZero’s 'default' settings are what actually caused the massive $290 million disaster

CoinDesk·2h ago·Neutral

What Happened

Kelp DAO plans to challenge LayerZero's post-mortem analysis of Sunday's $290 million exploit. Kelp argues LayerZero's default settings, not Kelp's choices, caused the disaster. The compromise involved LayerZero's own infrastructure servers being poisoned. Attackers drained 116,500 rsETH tokens via a sophisticated attack on the cross-chain messaging protocol.

Key Entities

Kelp DAOLayerZerorsETHEigenLayerDVNCoinDesk

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