KelpDAO sues LayerZero, claims it endorsed setup used in $292 million rsETH exploit
KelpDAO sued LayerZero and Bryan Pellegrino over the April 18 rsETH exploit, alleging the bridge setup was endorsed in writing.
Older stories
KelpDAO sued LayerZero and Bryan Pellegrino over the April 18 rsETH exploit, alleging the bridge setup was endorsed in writing.
At one point in July, ETFs were down $5.8 billion in net outflows for the year. Now, that’s turned into $800 million in net inflows.
XRP trades near $1.54 after a 16% weekly rally as ETF inflows, whale buying and stronger momentum put the $1.60 resistance zone in focus.
The cross-chain lending protocol accused LayerZero and its co-founder Brian Pellegrino of failing to disclose weaknesses in their protocol, which led to the $292 million hack.
ETH has lost some short-term momentum after its recent rally. But the network itself has not shown a major decline in activity.
KelpDAO says LayerZero endorsed its bridge setup before the attack, while CEO Bryan Pellegrino has dismissed the lawsuit as meritless.
Bitquery's indexed-pool screen finds repeated round trips, but the depth available to independent traders has not been measured.
TL;DR Bitcoin fell below $85,000 after stronger U.S. business data pushed Treasury yields higher. S&P Global’s flash U.S. Composite PMI rose to 58.4 in September, the strongest reading since July 2021. The move shows how quickly Bitcoin’s recent rebound can…
The yen posted its steepest gain in two weeks after Katayama's warning, as traders weigh US-Japan coordination against 160.
Ethereum trades near $2,667 as ETFs add $66M, while $2,540 support, positive BBP and leverage risks shape the next move toward $3,000.
Bitcoin and Ethereum have remained near their recent highs as renewed talks between the United States and Iran have brought another proposal to reopen the Strait of Hormuz into focus, with lower oil prices potentially easing one of the pressures…
Kelp DAO sues LayerZero and Bryan Pellegrino, blaming them for the $292 million rsETH bridge exploit in April.