Kelp Migrating rsETH to Chainlink, Blames LayerZero

ETH

ETH/USDT

$1,903.71

+1.04%

$1,903.71

+1.04%

(24s)

24h Volume

$3,888,561,490.54

24h H/L

$1,908.62 / $1,869.17

Change: $39.45 (2.11%)

Long/Short

65.3%

Long: 65.3%Short: 34.7%

Funding Rate

+0.0062%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,890.97

▲ 0.80%

Volume (24h): -

Resistance Levels

Resistance 3$2,194.88

Resistance 2$2,047.57

Resistance 1$1,910.65

Price$1,890.97

Support 1$1,882.59

Support 2$1,837.64

Support 3$1,808.67

Pivot (PP):$1,879.16

Trend:Sideways

RSI (14):52.7

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…