The post Troubling Cross-Chain Vulnerability Strikes Prominent DeFi System appeared on BitcoinEthereumNews.com. A substantial breach has occurred within Kelp DAOThe post Troubling Cross-Chain Vulnerability Strikes Prominent DeFi System appeared on BitcoinEthereumNews.com. A substantial breach has occurred within Kelp DAO

Troubling Cross-Chain Vulnerability Strikes Prominent DeFi System

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A substantial breach has occurred within Kelp DAO, a cross-chain decentralized finance (DeFi) hub, causing an immediate protocol suspension. The critical exploit resulted in the loss of approximately $292 million in rsETH assets and was linked to a flaw intertwined with LayerZero’s cross-chain mechanisms.

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Source: https://en.bitcoinhaber.net/troubling-cross-chain-vulnerability-strikes-prominent-defi-system

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