LayerZero apologized for the $292 million Kelp DAO hack, acknowledging it allowed its DVN to be used in a risky 1-of-1 setup. It will migrate to 5/5 or 3/3 security defaults and removed a multisig signer. Competitors like Chainlink are capitalizing, with Kelp and Solv migrating assets.
LayerZero apologized for the $292 million Kelp DAO exploit, acknowledging its 1-of-1 DVN configuration was a critical vulnerability. The protocol will migrate to 5/5 multi-signature defaults, as competitors like Chainlink poach clients.
Kelp DAO plans to release a memo contradicting LayerZero's post-mortem that blamed a single-verifier configuration for the $290M hack. Kelp claims LayerZero's own defaults and GitHub quickstart recommend 1/1 setup, and the compromised servers were LayerZero's infrastructure. Over 40% of protocols use the same setup.
Kelp DAO plans to refute LayerZero's post-mortem of the $290M exploit, arguing that the default 1-of-1 verifier configuration and compromised LayerZero infrastructure were the real cause. The community and security researchers also question LayerZero's blame-shifting.
Kelp DAO disputes LayerZero's post-mortem, claiming the 1-of-1 DVN default configuration and compromised LayerZero infrastructure caused the $290M exploit. Security researchers criticize LayerZero for deflecting blame.
Kelp DAO is set to dispute LayerZero's post-mortem blaming it for the $290M exploit, arguing that the attack stemmed from LayerZero’s own compromised infrastructure and its default single-verifier configuration. Security researchers also question LayerZero’s deflection.
Kelp DAO claims LayerZero personnel reviewed and accepted its 1-of-1 verifier setup before a $292 million rsETH bridge exploit later blamed on that configuration. The dispute raises broader concerns over cross-chain defaults, infrastructure accountability, and market trust.
rsETH fell sharply after a KelpDAO breach, prompting Aave to freeze related reserves and reigniting debate over bridge security. The incident highlights how bridge design is becoming a core factor in DeFi collateral risk management.
