BlockBeats news, on April 20, according to Coindesk, Kelp DAO is preparing a memo attributing the $292 million rsETH attack that occurred on Saturday to LayerZero, stating that it relied on LayerZero’s documentation, default configurations, and team guidance when setting up the cross-chain bridge.
Kelp DAO Blames LayerZero for $292M rsETH Attack
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Summary
Kelp DAO is preparing a memo to hold LayerZero accountable for the $292 million rsETH exploit on Saturday. The DAO asserts that it followed LayerZero’s documentation, default settings, and team recommendations when configuring the cross-chain bridge. The incident has reignited on-chain discussions around cross-chain security risks. Crypto news outlets are closely monitoring the DAO’s next steps.
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