DeFiBearishCoinDesk · 1h ago7/10
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LayerZero says it ‘made a mistake’ in $292 Million Kelp exploit
LayerZero acknowledged responsibility for a $292 million exploit affecting Kelp, reversing its initial claim that the incident was a developer configuration error. The company admitted to owning the decision to use its own verifier for securing high-value transfers in a vulnerable setup, highlighting systemic risks in cross-chain infrastructure.
