LayerZero admits mistake in $292M Kelp DAO exploit
After weeks of blaming Kelp DAO, LayerZero took ownership of a 1-of-1 verifier config that turned into a single point of failure — and competitors are already collecting the refugee business.
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After weeks of blaming Kelp DAO, LayerZero took ownership of a 1-of-1 verifier config that turned into a single point of failure — and competitors are already collecting the refugee business.
Buterin framed iO as the field's ultimate unsolved problem, then walked back the dream: even the best lattice-based constructions carry computational costs he describes as 'literally galactic.'
The dollar figure is the surface read. The structural shift is that the breach now happens before any signature, on the human moment of approval, not inside the smart contract.
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A Hong Kong employee reportedly wired about $25 million after a deepfake CFO call. Learn the checks that can stop fake RWA escrow payments.
Mt. Gox handled most of the world's Bitcoin trades — until it lost 850,000 BTC and collapsed. Here is how it happened, and what it taught crypto.