Infrastructure
Infrastructure

Arbitrum freezes $71 million in ether tied to Kelp DAO exploit

The layer-2 network’s security council moved 30,766 ETH to a frozen intermediary wallet, accessible only via further governance action. Read Full Story at Coindesk.com →
DeFi

DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers

Fluid’s aWETH Redemption Protocol, launched with Lido, Ether.fi, 1inch, 0x and Kyber, has processed $136M out of Aave’s frozen WETH pool in 48 hours. Read…
DeFi

Aave could face up to $230 million in losses after Kelp DAO bridge exploit triggers DeFi chaos

Aave published a report outlining two possible outcomes: around $123 million in losses if damage is shared across all rsETH, or up to $230 million…
DeFi

Aave Models $124M to $230M in Bad Debt From Kelp Exploit

In a detailed incident report, Aave service providers quantified the protocol’s exposure for the first time and outlined two scenarios depending on how Kelp DAO…
Infrastructure

Tether takes 8.2% stake in Bitcoin mining finance platform Antalpha

The purchase comes as the stablecoin issuer expands its investments across crypto infrastructure and financial services, including in Kaio, also announced today. Read Full Story…
Infrastructure

RaveDAO Token Crashes, Sheds $6.6 Billion in Value as Exchanges Probe Alleged Manipulation

RaveDAO’s token cratered this weekend after blockchain sleuth ZachXBT called on exchanges to investigate trading tied to its surging token. Read Full Story at Decrypt.co…
Infrastructure

Dune Analytics Reveals 47% of LayerZero OApps Use Minimal DVN Security Following KelpDAO Hack

Analysis of 2,665 LayerZero OApp contracts shows nearly half rely on single-validator security configurations, the same setup that exposed KelpDAO’s rsETH to exploitation. Read Full…
Infrastructure

Blockchain sleuth accuses RaveDAO of knowing who manipulated the price of its token

The on-chain sleuth cited “suspicious” exchange-linked activity as RAVE swung from $60 million in market capitalization to $6 billion and back. Read Full Story at…
DeFi

Six years after “DeFi Summer” is the sun already setting on the decentralized finance revolution?

KelpDAO’s $292 million rsETH exploit landed at the wrong moment for DeFi. Roughly $10 billion left the sector over the weekend, after confidence had already been shaken by…
Infrastructure

LayerZero Post Mortem Shows Lazarus Group Stole $290M From KelpDAO via RPC Node Compromise

North Korea’s Lazarus Group exploited a single-verifier LayerZero setup to drain $290M in rsETH on April 18 by compromising RPC infrastructure and poisoning the bridge’s…