Tag: Kelp

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Law Firm Files Restraining Notice for Kelp Exploit ETH

A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients...

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination.Aave, one...

DeFi United Fundraising Chips Away at Kelp Exploit Shortfall

Bybit CEO Ben Zhou pledged his support for Mantle's 30,000 ETH loan proposal.The "DeFi United" industry recovery effort spearheaded by Kelp and Aave Labs...

North Korea Tied to Heists Worth $578M in April After Kelp DAO Exploit

Kelp DAO suffered a $292 million hack on Saturday, overtaking Drift as the largest crypto exploit of the year so far. North Korea-linked hackers...

Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH....

Polymarket traders don’t see Kelp socializing losses after $292 million exploit

A Polymarket contract on whether Kelp DAO will spread the losses from the weekend's $292 million exploit beyond those directly affected is pointing to...

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...

SparkLend Sees Over $1B in Deposits Since Kelp Exploit as Aave TVL Plunges

Aave TVL has dropped by $10B since the Kelp attackers used the protocol to borrow $190 million in WETH, depositing unbacked rsETH. DeFi's lending...

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Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday.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

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...