via Cointelegraph · By Cointelegraph Staff
Kelp Migrating rsETH to Chainlink, Blames LayerZero
ETH/USDT
$17,113,464,628.93
$1,660.54 / $1,512.00
Change: $148.54 (9.82%)
-0.0028%
Shorts pay
DeFi protocol Kelp DAO said it will be migrating its restaking token, rsETH, to the Chainlink oracle platform after the $292 million exploit in April, as it continued to blame the attack on LayerZero's cross-chain infrastructure.
Hackers stole 116,500 Kelp DAO restaked ETH tokens on April 18 from Kelp DAO’s LayerZero-powered bridge, then used them as collateral on Aave v3 to borrow wrapped Ether.
“A…
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