#KelpDAOBridgeRevival

About KelpDAOBridgeRevival

After the $292M exploit on April 18, Aave transferred the first 25,000 rsETH batch to the LayerZero adapter, reopening the rsETH mainnet-to-L2 bridge. LayerZero upgraded to a multi-DVN validator setup and raised block confirmations from 42 to 64. Meanwhile, Solv Protocol is migrating over $700M in tokenized BTC infrastructure (SolvBTC) from LayerZero to Chainlink CCIP, becoming the latest major departure after Kelp.

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KelpDAOBridgeRevival Popular posts

Birdie_OKX
Birdie_OKX
Kelp DAO just had a $230M wake-up call. An exploit hit rsETH -- Kelp's liquid restaking token -- forcing Aave to freeze WETH borrowing markets as a precautionary measure. The same session, the Verus-Ethereum bridge was separately drained for $11.6M including 103.6 tBTC and 1,625 ETH. Two bridge exploits in one day is not a coincidence -- it's a reminder that cross-chain infrastructure remains the softest attack surface in DeFi. Aave has since restored WETH borrowing limits as rsETH enters recovery. The speed of response shows DeFi risk management has matured -- but the exploits still happened. Kelp DAO's bridge revival path depends on full root-cause disclosure, a credible security audit, and a compensation plan for affected LPs. The DeFi restaking narrative took a hit today. Trust gets built over years and can evaporate in hours. Bridge security needs to be a first-class design requirement, not an afterthought. What's your risk management approach for liquid restaking positions? #KelpDAOBridgeRevival
Wind•Crypto✅
Wind•Crypto✅
THORChain HACKED FOR ~$10M — MARKET SHOCKWAVES HIT HARD THORChain has become the center of attention after suffering a major exploit, with estimated losses reaching nearly $10 million Initial reports suggest: 36.75 $BTC (~$3M) was stolen Alongside roughly ~$7M worth of other tokens drained from the protocol Following the incident, the platform temporarily suspended trading while the exact cause of the exploit remains unclear What makes the situation even more ironic is THORChain’s controversial history The DEX had previously faced heavy criticism for allegedly being used to route funds linked to major exploits such as: Bybit (/$1.5B) KelpDAO (/$292M) Balancer (~$120M) And now, the protocol itself has become the latest victim of a large-scale attack Native token $RUNE reacted violently to the news, plunging nearly -15% as panic spread across the market In crypto, no system is truly untouchable, sometimes a single vulnerability is enough to erase millions within minutes #DailyOrbit #KelpDAOAttackerLiqd
Void&Volume
Void&Volume
🪐 Cross‑chain Bridge Exodus Gains Momentum Lombard’s departure from LayerZero and a $4 billion migration to Chainlink’s bridge follows a $292 million exploit on a LayerZero‑powered bridge, sparking a security‑driven flight across the ecosystem. The move underscores that cross‑chain liquidity is becoming a battleground rather than a convenience. 🕸️ The immediate fallout is bearish for LayerZero’s token prospects as capital contraction signals eroding confidence, yet the broader narrative could be bullish for Chainlink, whose oracle‑bridge combo now looks like the de‑facto safe harbor. BTC and ETH markets may feel a muted ripple as institutional players reassess exposure to multi‑chain strategies, but the core risk remains the fragility of the underlying bridging code. ⚡️ The sharpest takeaway: security breaches are turning bridge choice into a binary risk filter, accelerating consolidation around the few providers that can demonstrably harden their contracts. ⚠️ Personal analysis only. Not financial advice. DYOR. #CryptoRisk #CrossChain #Chainlink
Antrex_
Antrex_
A $292M exploit tied to KelpDAO and LayerZero infrastructure is shaking confidence across DeFi again 👀 The attacker reportedly used unbacked rsETH as collateral to borrow massive amounts of ETH, exposing serious risks in cross-chain bridge security. Now the market is asking: are DeFi bridges still the weakest point in crypto infrastructure? $ZRO $AAVE $ETH
WILISEPTIONO
WILISEPTIONO
🚨 BREAKING: 🇺🇸 TODAY IS JEROME POWELL’S LAST DAY AS CHAIR OF THE FED KEVIN WARSH WILL REPLACE HIM, HE WAS OFFICIALLY APPROVED BY THE U.S. SENATE HISTORICALLY, EVERY TIME A NEW CHAIR TAKES OVER THE FED, $BTC HAS DUMPED 20–40% THIS IS NOT GOOD FOR MARKETS... #OpenAITrialClosing #KelpDAOAttackerLiqd #TetherBailsOutDrift $SOL $XAU $OKB
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crypto.news
crypto.news
NEW: $4B TVL wiped from LayerZero following 5 major protocol migrations to Chainlink CCIP
Travis 💡
Travis 💡
LayerZero is living up to its name… They’re losing $4B in value with projects migrating off their stack and rolling over to Chainlink. 1 major hack will do that, whether it was entirely their fault or not.
Bk_2.0
Bk_2.0
BREAKING 🚨 A US law firm is fighting to claim $73M in ETH stolen from Kelp DAO. The firm argues the funds should be used to pay its clients owed by North Korea 🚫 Stay tuned for updates ⚡️ $BTC $ETH $LAB
0xTreasure
0xTreasure
#KelpDAO71MUnfreeze The fight for the 71 million dollar Aave hack just got messy Terror victims are trying to seize the funds linked to North Korean hackers Arbitrum DAO is currently voting on whether to release the ETH This is the ultimate test for DeFi decentralization If a court can force a DAO to hand over funds the word decentralized loses all meaning Watch the Arbitrum vote closely The precedent set here will haunt us for years
AFx_Crypto
AFx_Crypto
asset listing standards following the recent KelpDAO-related exploit, signaling a broader shift toward stronger risk management across the decentralized finance sector. According to reports, the protocol now wants to evaluate more than just traditional financial risks before approving assets for lending markets. The new approach is expected to include deeper analysis of cybersecurity, protocol architecture, oracle systems, and cross-chain infrastructure. The move comes after concerns linked to the KelpDAO rsETH incident, where weaknesses in asset design and minting mechanisms allegedly exposed DeFi markets to potential bad debt risks. The situation highlighted how technical vulnerabilities can quickly spread across interconnected protocols. Aave’s updated direction reflects a growing industry realization that high yields alone are no longer enough to justify listings. As DeFi continues to mature, platforms are increasingly prioritizing transparency, security standards, and infrastructure quality before integrating new assets. The broader message is clear: in the next phase of DeFi growth, strong architecture and security may become just as important as liquidity and market demand. #StrategyMaySellBTC