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via Decrypt · By Decrypt Editorial

Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink

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Decrypt Editorial

(10:31 PM UTC)

1 min read

Approved byEmily Watson

716 views

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In brief

Kelp says LayerZero approved the setup tied to a $292 million exploit, which LayerZero disputes.
The protocol is redesigning its cross-chain system after the hack.
A U.S. court fight over $71 million in frozen funds could shape DeFi recovery rules.

KelpDAO is blaming LayerZero for a $292 million exploit and plans to relaunch with a redesigned cross-chain system on Chainlink, the group…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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