Tag: Kelp

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Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million

The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just...

Kelp DAO Says rsETH Fully Restored 5 Weeks After Hack

Ethereum liquid staking protocol Kelp DAO says its restaked Ether token has been restored with a five-week recovery effort after the protocol suffered a...

LayerZero’s Incident Report Says Kelp Downgraded From 2-of-2 to 1-of-1 DVN Before $292M Exploit

Detailed May 18 post-mortem traces a six-week breach to DPRK group TraderTraitor and locks in a new 3-of-3 DVN protocol default. Kelp says LayerZero...

Aave Restores Wrapped Ether Borrowing Following Kelp DAO Hack

Aave users are now able to borrow against wrapped Ether on the decentralized finance protocol again, as the Kelp DAO exploit recovery plan continues...

Kelp DAO, Aave Advances rsETH Recovery

Ethereum liquid restaking platform Kelp and decentralized lending protocol Aave have completed a series of steps to restore rsETH backing, including burning the exploiter’s...

Court Greenlights Arbitrum DAO Vote to Move $71M in Recovered Kelp ETH to Aave

The court order allows the on-chain Constitutional AIP vote and transfer to proceed without violating the restraining notice, but the freeze itself extends to...

LayerZero says it ‘made a mistake’ in $292 Million Kelp exploit

LayerZero said late Friday U.S. time that it “made a mistake” allowing its own verification infrastructure to secure high-value crypto assets in a vulnerable...

LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack

LayerZero Labs acknowledged a Lazarus Group attack on internal RPCs and a multisig signer's unauthorized personal trade, impacting 0.36% of assets on the protocol.LayerZero...

Kelp DAO Fallout Pushes Solv, DeFi Protocols Toward Chainlink

Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols...

Kelp DAO Accuses LayerZero of Deflecting Blame for $300M Bridge Hack

The liquid restaking protocol argues that the 1-of-1 verifier setup at the center of the April 18 exploit was LayerZero's own documented default.Kelp DAO...

Aave Asks Court to Vacate Restraining Notice Targeting Recovered Kelp DAO Assets

The emergency motion challenges a New York court order redirecting recovered Kelp DAO exploit funds toward decades-old terrorism judgments against North Korea.Aave LLC, a...

Aave Challenges Law Firm’s Freeze on Kelp Exploit Ether

Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed...