By Aliyu Pokima Key highlights: KelpDAO sued LayerZero CEO Bryan Pellegrino over the $292 million rsETH exploit that drained 116,500 rsETH KelpDAO alleges LayerZero endorsed the 1-of-1 DVN configuration that allowed the attacker to forge a cross-chain message Pellegrino rejected the allegations, pledging to defend himself in court KelpDAO has taken LayerZero and its co-founder […]
Tag: DVN
Key highlights: Ethena’s StablecoinX decentralized verification network is now live across all chains, securing more than $205 million in USDe and sUSDe transfer volume. ENA reclaimed its 20-day EMA and is testing the 50-day EMA as bulls attempt to regain control of the market structure. Open interest climbed 9% to $118 million, signaling growing institutional […]
By Jake Simmons Cardano founder Charles Hoskinson used his latest livestream to argue that the roughly $292 million KelpDAO exploit was not just another bridge failure, but a broader warning about how Ethereum’s restaking, cross-chain messaging, and lending stack can turn a single compromise into system-wide contagion. In Hoskinson’s telling, the April 18 attack exposed […]