❗️BOOM: Ripple ex-CTO JoelKatz Says RLUSD Uses SECURITY-FIRST Bridging — Unlike KelpDAO’s “CHEAP & EASY” Setup That Blew Up For ~$292M 🤯🔥 @JoelKatz clarified that when @Ripple evaluated DeFi bridges for $RLUSD, the team was focused almost ENTIRELY on SECURITY and RISK — NOT on taking the “easiest” path. 👀 @JoelKatz said most bridging systems actually HAVE strong security… but projects are often pushed to TURN IT OFF for “convenience” and faster scaling. 😳 And that’s EXACTLY what blew up. 👉 KelpDAO used LayerZero with a 1-of-1 DVN (SINGLE verifier instead of MULTI) 👉 That created a SINGLE POINT OF FAILURE 👉 Attackers spoofed a message → minted FAKE rsETH → drained ~$292M 🤯 This WASN'T a “no security” system… It was a system where STRONG SECURITY EXISTED… BUT WASN’T USED. ❌ Now look at $RLUSD 👇 👉 NATIVE ISSUANCE on XRPL + Ethereum (NO risky bridge needed between core chains) 👉 For expansion → Ripple chose Wormhole NTT (controlled + verified transfers) 👉 FULL control of issuance + multi-layer verification ✅ 👉 Built for FINALITY + INSTITUTIONAL-GRADE SAFETY KelpDAO → FAST, SIMPLE, CHEAP → GOT EXPLOITED $RLUSD → CONTROLLED, VERIFIED, SECURE → BUILT FOR SCALE SAFELY 🚀