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Kelp

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

Who’s pledging to Aave’s $300 million DeFi recovery effort after massive Kelp DAO exploit

1 month ago by Crypto InsightsCrypto

In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination. Aave, one of DeFi’s largest lending protocols, is at the center of a broad recovery effort following losses tied to the Kelp… Read More

Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains

Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains

2 months ago by Crypto InsightsCrypto

A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35… Read More

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