Tagged: kelpdao

September 26, 2026 @ 3:06 pm By Omar Faridi  |  

The developer behind liquid restaking protocol KelpDAO has taken LayerZero Labs and its co-founder and chief executive, Bryan Pellegrino, to court over an April 2026 cross-chain exploit that released about 116,500 rsETH, then worth roughly $292 million. Evercrest Technologies, the company that builds and operates… Read More

April 24, 2026 @ 5:12 pm By Omar Faridi  |  

Chainalysis noted that on April 18, 2026, cybercriminals believed to be tied to North Korea’s Lazarus Group executed one of the largest DeFi heists of the year, siphoning approximately $292 million (116,500 rsETH) from KelpDAO’s LayerZero-powered bridge. Unlike typical smart-contract vulnerabilities, this breach targeted off-chain… Read More

April 22, 2026 @ 8:03 am By Omar Faridi  |  

Coin Metrics examines two pressing developments reshaping crypto fundamentals: the evolving economics of stablecoin firm Circle (NYSE:CRCL) and a sharp liquidity crisis triggered by a major exploit in the restaking sector. Circle, which went public nearly a year ago, continues to dominate headlines as investors… Read More