LayerZero blames Kelp setup for $290M hack
LayerZero has attributed the $290 million exploit of Kelp DAO to the protocol’s use of a single-verifier configuration, despite prior recommendations to implement a more secure multi-verifier setup.

Jon is a former international magazine editor with a strong background in business publications (print and digital) in the Middle East and Australia.
LayerZero has attributed the $290 million exploit of Kelp DAO to the protocol’s use of a single-verifier configuration, despite prior recommendations to implement a more secure multi-verifier setup.
Bitcoin has a 31% chance of reaching $80,000 in April, according to Polymarket, reflecting mixed sentiment among traders.
Nayib Bukele has achieved a 94% approval rating, the highest among 26 global leaders, while continuing to champion sovereign Bitcoin adoption.
Stablecoins currently pose limited disruption to banks, according to Moody’s Investors Service, citing regulatory limits and strong existing payment systems in the US.
Channel Infrastructure NZ (ASX:CHI) finalised a deal to provide 93 million litres of additional diesel storage at the Marsden Point Energy Precinct.
Poland remains the only EU country yet to implement the Markets in Crypto-Assets Regulation after parliament failed again to override a presidential veto.
Sberbank is preparing to launch cryptocurrency custody and trading services for its more than 110 million customers pending regulatory approval from the Bank of Russia.
Worldcoin fell 13% to around $0.28 as World expanded its iris-based identity system through new partnerships.
Strategy has proposed shifting dividend payments on its STRC preferred stock from monthly to semi-monthly to help reduce volatility and improve liquidity.
Operations at the Ichthys LNG facility face uncertainty after workers overwhelmingly rejected a proposed employment agreement.