On June 5, 2024, whale 0x367 received 3M ZRO from LayerZero’s Mint MultiSig and has held it since. Today, 0x367 sold 1M $ZRO ($1.52M) on Binance, with the latest transaction 3h ago. The wallet still holds 2M $ZRO and could sell more. Could this be linked to the L0 bridge hack?

i've picked up the pen so many times to write about being a woman in tech and every time i chicken out because there's this catch-22: to talk about being a woman in tech, you need to have credibility. and once you start talking about it as a woman, you lose said credibility so

UPDATE: DeFi United, a recovery fund spearheaded by @Aave after the Kelp exploit, has raised ~$303M in commitments from across the ecosystem to make affected $rsETH holders whole.

We are investigating unusual movements in SYND tokens that may indicate a possible security issue. We recommend avoiding provisioning any liquidity until this is resolved.

Attention Aftermath community - We’ve identified an exploit affecting the protocol. Our team is actively investigating alongside leading security partners. As a precaution, the protocol has been paused and measures are being taken to minimize potential impact to user funds.

🚨 Blockaid detected and flagged an active exploit on Aftermath Finance (🥚, 🥚) Perpetuals on Sui. ~$1.1M USDC was drained across 11 transactions in ~36 minutes by attacker 0x1a65086c85114c1a3f8dc74140115c6e18438d48d33a21fd112311561112d41e. The exploit targeted a bug in the perp

Today, “LayerZero: Future Initiatives” deposited 1M $ZRO (~$1.43M) to Binance. After 5mo of inactivity, the fund began selling its first tokens right after L0 approved 10,000 ETH to support DeFi United. What’s puzzling is that ZRO traded above $2 at times over the past 5mon,

🚨 INSIGHT: Etherfi CEO says 5K $ETH was committed to prevent a potential DeFi collapse after the Kelp incident. Says Aave the "least to blame."

On April 18, LayerZero's hosted infrastructure was exploited to forge a cross-chain message, draining 116,500 rsETH from the bridging adapter. Our core onchain and offchain infrastructure was not affected. As an interim security measure while we investigate a more secure

Verification now requires 4 independent attestors, not one. Canary, Horizen, LayerZero Labs, Nethermind. All four required in both directions on every pathway. Each runs on independent infrastructure and RPC endpoints. An attacker would need to compromise four distinct security

Block confirmations raised from 42 to 64 across all chains. This increases the cost of reorg-based attacks and aligns bridging with more conservative settlement assumptions.

Topology collapsed from full mesh to hub-and-spoke. All L2-to-L2 routes are deprecated. Every pathway now routes through Ethereum only. This cuts the number of active pathways, removes inter-L2 dependencies, and meaningfully shrinks the attack surface.

Every deviation from LayerZero’s canonical defaults is strictly stronger, never weaker. This configuration establishes a more resilient baseline for rsETH, and signals how cross-chain bridging can evolve following infrastructure-level exploits. The system is no longer dependent

What is next: Monitoring of locked supply backing bridged assets Sunset of low-TVL spoke chains, further reducing the bridging surface area Reactivation of bridging in tranches, prioritizing reliability over speed Unified backing dashboard in development for full visibility

Kelp’s approach going forward: leverage battle-hardened and time-tested infrastructure, minimize trust in all dependencies, and make every assumption explicit.

NEW: Trump family-backed @WorldLibertyFi's proposal to unlock 62B $WLFI tokens passes with 99.5% support. The plan introduces a 2-year cliff and 5-year vesting for insider tokens, though the top four wallets control ~40% of voting power.

🚨 ALERT: Wasabi Protocol exploited for $5M+ across multiple chains, including Ethereum and Base, per PeckShield.

Syndicate Labs experienced a security incident. A private key compromise enabled malicious upgrades to bridge contracts on two chains, moving ~18.5M SYND and ~$50,000 of tokens from customer chains. All impacted parties are being made whole. Details below ↓

Kelp confirms it has fulfilled its pledged contribution to the recovery fund. Post April 18, DeFi United led by Aave has defined the path to restore rsETH backing and return markets to normal operation. We appreciate the support from our partners Mantle Consensys.eth

1/ Carrot is shutting down This is certainly not the outcome we wanted, but the situation with the Drift exploit, has proven to be catastrophic for our continued operations.