Tag: DAO

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The $292 million Kelp DAO exploit shows why crypto bridges are still one of the industry’s weakest links

The $292 million exploit tied to KelpDAO is the latest in a long line of crypto bridge hacks, underscoring how the systems designed to...

Kelp DAO exploited for $292 million

Network NewsKELP DAO EXPLOIT: A cross-chain bridge holding nearly a fifth of a restaked ether token's circulating supply just got drained, and the fallout...

Aave Deposits Drop by $15B Following Kelp DAO Exploit

Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday. Total value supplied to...

Kelp DAO exploit may force big banks to rethink their blockchain plans, Jefferies warns

A major decentralized finance (DeFi) hack could prompt Wall Street firms to reassess the pace of their blockchain and tokenization efforts, a Jefferies analyst...

Arbitrum freezes $71 million in ether tied to Kelp DAO exploit

A chunk of the Kelp DAO haul is no longer going anywhere.Arbitrum's Security Council froze 30,766 ETH worth roughly $71 million on Monday night,...

Kelp DAO hits back at LayerZero for trying to shift the blame after a massive exploit

The popular Spiderman meme showing three identical superheroes pointing fingers at each other is having its crypto moment today.Kelp DAO is set to push...

Aave could face up to $230m in losses after Kelp DAO bridge exploit triggers DeFi chaos

The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230...

Aave’s TVL Falls $8B After $293M Kelp DAO Hack

Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO...

Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt

Attacker minted unbacked rsETH through Kelp's LayerZero bridge, then borrowed WETH on Aave V3 and V4 before markets could freeze.In 46 minutes on Saturday...

Kelp DAO hit for $292 million exploit with wrapped ether stranded across 20 chains

A cross-chain bridge holding nearly a fifth of a restaked ether token's circulating supply just got drained, and the fallout is moving through DeFi...

LDO Bucks DeFi Downturn With 30% Monthly Rally After DAO Passes Buyback Scheme

Lido's token is the only top DeFi token in the green over the past 30 days, fueled by a $20 million treasury repurchase program.Top...

DAO Behind CoW Swap Urges Users to Stay off Platform after ‘Hijacking‘

The decentralized exchange aggregator said users should refrain from visiting its website after a frontend exploit.<!-- hijacking,” leading to a pause of its backend...