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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

0 comments

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…

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