Kelp Migrating rsETH to Chainlink, Blames LayerZero

ETH

ETH/USDT

$2,501.80

+0.57%

$2,501.80

+0.57%

(24s)

24h Volume

$7,939,564,713.38

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.2%

Long: 56.2%Short: 43.8%

Funding Rate

+0.0049%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,502.00

▲ 0.87%

Volume (24h): -

Resistance Levels

Resistance 3$3,005.72

Resistance 2$2,855.08

Resistance 1$2,564.88

Price$2,502.00

Support 1$2,478.04

Support 2$2,372.54

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.2

Cointelegraph Staff

(04:49 AM UTC)

1 min read

Verified byDavid Kim

0 comments

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…