Tag: Kelp

spot_img

Arbitrum Freezes 30K ETH Tied to Kelp Hack

Ethereum layer-2 blockchain Arbitrum on Monday froze more than 30,000 Ether worth about $71.2 million held in a wallet connected to the recent exploit...

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,...

Bitcoin (BTC) price drops from recent highs as traders watch CME gap, Kelp fallout: Crypto Markets Today

The crypto market is trading back in familiar territory following a short-lived spike to its highest point since early February on Friday.Bitcoin BTC$75,811.08 is...

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...

Nearly $1 billion in bitcoin (BTC) ETF inflows power bull case as Kelp hack fuels DeFi jitters: Crypto Daily

Market dynamics continue to paint a bullish picture for bitcoin BTC$75,263.35 even as Iran-related developments and DeFi hacks dominate headlines.U.S.-listed spot ETFs pulled in...

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 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...

Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender

Aave just watched $6.6 billion walk out the door, and it's not because anyone hacked Aave.The protocol's total value locked dropped from $26.4 billion...