#kelpdao — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #kelpdao, aggregated by home.social.
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Podcast: Inside the $9B DeFi Hack Shaking Crypto’s Foundations https://www.byteseu.com/1954681/ #Citi #Crypto #CryptoCurrency #cybersecurity #DeFi #DigitalAssets #FeaturedNews #FromTheBlock #KelpDAO #News #PYMNTSNews #PymntsPodcast
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North Korea’s Lazarus suspected of stealing US$290 million in KelpDAO cyberattack https://www.byteseu.com/1954386/ #BlockchainTechnology #Coindesk #Crypto #CryptoCurrency #DeFi #DPRK #Ethereum #HenriArslanian #KelpDAO #LayerZero #LazarusGroup #NineBlocksCapitalManagement #NorthKorea #UNPanel #UnitedNations #UnitedStates
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Lazarus Group Targets KelpDAO in $290m Crypto Heist
In a shocking crypto heist, North Korea's notorious Lazarus Group is accused of swiping $290 million from KelpDAO, raising questions about accountability in the digital age. This brazen theft is a stark reminder of the threats lurking in the shadows of the cryptocurrency world.
#LazarusGroup #NorthKorea #CryptoHeist #290mCryptoTheft #Kelpdao
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KelpDAO suffered a staggering $290 million loss to the Lazarus Group, revealing a new frontier in DeFi attacks. This wasn't a smart contract vulnerability, but an infrastructure exploit targeting LayerZero's DVN due to KelpDAO's 1/1 verifier setup. The incident highlights how architectural choices, not just code, are now prime targets for state-sponsored hackers.
#technology #kelpdao #lazarusgroup
🤖 This post was AI-generated.
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A $293M exploit is now testing DeFi’s resilience. Aave could face major bad debt depending on how losses are handled.
#Aave #DeFi #KelpDAO #Ethereum #Blockchainhttps://www.cointoria.com/aave-faces-bad-debt-scenarios-after-kelp-dao-exploit-shakes-defi/
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2/ so far the #KelpDAO / #Layer0 hack (tentatively attributed to #NorthKorea) has led to a quarter of all money being drained from #Aave and massive withdrawals across the entire #defi ecosystem.
https://protos.com/defi-sector-in-14b-meltdown-as-290m-rseth-hack-fallout-burns-aave/
#crypto #cryptocurrency #DPRK #LazarusGroup #TraderTraitor #infosec #cybersecurity
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2/ so far the #KelpDAO / #Layer0 hack (tentatively attributed to #NorthKorea) has led to a quarter of all money being drained from #Aave and massive withdrawals across the entire #defi ecosystem.
https://protos.com/defi-sector-in-14b-meltdown-as-290m-rseth-hack-fallout-burns-aave/
#crypto #cryptocurrency #DPRK #LazarusGroup #TraderTraitor #infosec #cybersecurity
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2/ so far the #KelpDAO / #Layer0 hack (tentatively attributed to #NorthKorea) has led to a quarter of all money being drained from #Aave and massive withdrawals across the entire #defi ecosystem.
https://protos.com/defi-sector-in-14b-meltdown-as-290m-rseth-hack-fallout-burns-aave/
#crypto #cryptocurrency #DPRK #LazarusGroup #TraderTraitor #infosec #cybersecurity
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2/ so far the #KelpDAO / #Layer0 hack (tentatively attributed to #NorthKorea) has led to a quarter of all money being drained from #Aave and massive withdrawals across the entire #defi ecosystem.
https://protos.com/defi-sector-in-14b-meltdown-as-290m-rseth-hack-fallout-burns-aave/
#crypto #cryptocurrency #DPRK #LazarusGroup #TraderTraitor #infosec #cybersecurity
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2/ so far the #KelpDAO / #Layer0 hack (tentatively attributed to #NorthKorea) has led to a quarter of all money being drained from #Aave and massive withdrawals across the entire #defi ecosystem.
https://protos.com/defi-sector-in-14b-meltdown-as-290m-rseth-hack-fallout-burns-aave/
#crypto #cryptocurrency #DPRK #LazarusGroup #TraderTraitor #infosec #cybersecurity
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another day, another $300 million #crypto hack (probably directly into #NorthKorea's nuclear weapons coffers). this time it's something called #KelpDAO.
There's a few interesting parts here:
1. KelpDAO operates through #Aave, the biggest / most important lender in "decentralized finance" (#defi) and the way the hack was pulled off managed to stick Aave with almost $300 million in bad debt (in the form of a bunch of fake #rsETH tokens, a "liquid staking token" for #ETH that i'm only going to explain if someone actually is interested and asks in the comments)
2. as a result there's a stampede to get money out of Aave. not quite a full run on the bank bc that's not really possible w/the way Aave works, but directionally similar
3. the founder of Aave mocked #DriftProtocol for being hacked for a similar amount two weeks ago as "not defi". this complicates the solution here, which is for Aave to step in and rewrite the decentralized protocol to socialize the losses onto users.
- explainer: https://x.com/ImperiumPaper/status/2045883103105737006
- bloomberg: https://www.bloomberg.com/news/articles/2026-04-19/crypto-hack-worth-290-million-triggers-defi-contagion-shock#threatintel #cybersecurity #DPRK #LazarusGroup #ethereum #StaniKlechov #DAO #infosec
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another day, another $300 million #crypto hack (probably directly into #NorthKorea's nuclear weapons coffers). this time it's something called #KelpDAO.
There's a few interesting parts here:
1. KelpDAO operates through #Aave, the biggest / most important lender in "decentralized finance" (#defi) and the way the hack was pulled off managed to stick Aave with almost $300 million in bad debt (in the form of a bunch of fake #rsETH tokens, a "liquid staking token" for #ETH that i'm only going to explain if someone actually is interested and asks in the comments)
2. as a result there's a stampede to get money out of Aave. not quite a full run on the bank bc that's not really possible w/the way Aave works, but directionally similar
3. the founder of Aave mocked #DriftProtocol for being hacked for a similar amount two weeks ago as "not defi". this complicates the solution here, which is for Aave to step in and rewrite the decentralized protocol to socialize the losses onto users.
- explainer: https://x.com/ImperiumPaper/status/2045883103105737006
- bloomberg: https://www.bloomberg.com/news/articles/2026-04-19/crypto-hack-worth-290-million-triggers-defi-contagion-shock#threatintel #cybersecurity #DPRK #LazarusGroup #ethereum #StaniKlechov #DAO #infosec
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another day, another $300 million #crypto hack (probably directly into #NorthKorea's nuclear weapons coffers). this time it's something called #KelpDAO.
There's a few interesting parts here:
1. KelpDAO operates through #Aave, the biggest / most important lender in "decentralized finance" (#defi) and the way the hack was pulled off managed to stick Aave with almost $300 million in bad debt (in the form of a bunch of fake #rsETH tokens, a "liquid staking token" for #ETH that i'm only going to explain if someone actually is interested and asks in the comments)
2. as a result there's a stampede to get money out of Aave. not quite a full run on the bank bc that's not really possible w/the way Aave works, but directionally similar
3. the founder of Aave mocked #DriftProtocol for being hacked for a similar amount two weeks ago as "not defi". this complicates the solution here, which is for Aave to step in and rewrite the decentralized protocol to socialize the losses onto users.
- explainer: https://x.com/ImperiumPaper/status/2045883103105737006
- bloomberg: https://www.bloomberg.com/news/articles/2026-04-19/crypto-hack-worth-290-million-triggers-defi-contagion-shock#threatintel #cybersecurity #DPRK #LazarusGroup #ethereum #StaniKlechov #DAO #infosec
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another day, another $300 million #crypto hack (probably directly into #NorthKorea's nuclear weapons coffers). this time it's something called #KelpDAO.
There's a few interesting parts here:
1. KelpDAO operates through #Aave, the biggest / most important lender in "decentralized finance" (#defi) and the way the hack was pulled off managed to stick Aave with almost $300 million in bad debt (in the form of a bunch of fake #rsETH tokens, a "liquid staking token" for #ETH that i'm only going to explain if someone actually is interested and asks in the comments)
2. as a result there's a stampede to get money out of Aave. not quite a full run on the bank bc that's not really possible w/the way Aave works, but directionally similar
3. the founder of Aave mocked #DriftProtocol for being hacked for a similar amount two weeks ago as "not defi". this complicates the solution here, which is for Aave to step in and rewrite the decentralized protocol to socialize the losses onto users.
- explainer: https://x.com/ImperiumPaper/status/2045883103105737006
- bloomberg: https://www.bloomberg.com/news/articles/2026-04-19/crypto-hack-worth-290-million-triggers-defi-contagion-shock#threatintel #cybersecurity #DPRK #LazarusGroup #ethereum #StaniKlechov #DAO #infosec
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another day, another $300 million #crypto hack (probably directly into #NorthKorea's nuclear weapons coffers). this time it's something called #KelpDAO.
There's a few interesting parts here:
1. KelpDAO operates through #Aave, the biggest / most important lender in "decentralized finance" (#defi) and the way the hack was pulled off managed to stick Aave with almost $300 million in bad debt (in the form of a bunch of fake #rsETH tokens, a "liquid staking token" for #ETH that i'm only going to explain if someone actually is interested and asks in the comments)
2. as a result there's a stampede to get money out of Aave. not quite a full run on the bank bc that's not really possible w/the way Aave works, but directionally similar
3. the founder of Aave mocked #DriftProtocol for being hacked for a similar amount two weeks ago as "not defi". this complicates the solution here, which is for Aave to step in and rewrite the decentralized protocol to socialize the losses onto users.
- explainer: https://x.com/ImperiumPaper/status/2045883103105737006
- bloomberg: https://www.bloomberg.com/news/articles/2026-04-19/crypto-hack-worth-290-million-triggers-defi-contagion-shock#threatintel #cybersecurity #DPRK #LazarusGroup #ethereum #StaniKlechov #DAO #infosec
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Kelp DAO has been rocked by a massive rsETH bridge exploit, with about $292M drained and leading DeFi lending markets rushing to freeze exposure
#KelpDAO #DeFi #CryptoNews #rsETH #BlockchainSecurity
https://www.cointoria.com/kelp-dao-hit-by-massive-rseth-bridge-exploit-nearly-292m-drained/
