TLDR Tech / Crypto
Kelp DAO exploited for $292 million
Attackers drained 116,500 rsETH worth $292 million from Kelp DAO's LayerZero bridge, exposing Aave to $230 million in potential bad debt. The incident, linked to North Korean hackers, highlights structural vulnerabilities in cross-chain infrastructure as Arbitrum successfully froze $71 million of the stolen assets to mitigate further losses.
Read the full story