Tag: Exploit

spot_img

Arbitrum Freezes 30,766 ETH Linked to KelpDAO Exploit

Since the freeze, ZachXBT reported that the attackers had begun moving funds from Ethereum mainnet to Bitcoin.Ethereum Layer 2 Arbitrum said that its Security...

Aave Partially Unfreezes WETH After Kelp Bridge Exploit

After attackers deposited rsETH from an exploited Kelp bridge and borrowed Wrapped ETH, Aave had frozen WETH across multiple markets.Aave announced earlier today, April...

Aave Models $124M to $230M in Bad Debt From Kelp Exploit

In a detailed incident report, Aave service providers quantified the protocol's exposure for the first time and outlined two scenarios depending on how Kelp...

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...

LayerZero Says Kelp Setup Caused Exploit, as Aave Loss Questions Mount

Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp...

A $300 million borrowing spike on Aave signals liquidity crunch after exploit

The aftershocks of the Saturday's KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious.Int he first 24 hours post...

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 Exploit Spread ‘Contagion’ Throughout DeFi Ecosystem: Crypto Execs

The exploit of the Kelp liquid restaking protocol shows how non-isolated lending and integrations in decentralized finance (DeFi) can cause broader ecosystem contagion, according...

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...

DeFi Hacks Surge After $280M Drift Protocol Exploit

At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on...