🔥 A $292 million hack isn’t a sign that cross‑chain tech is dead — it’s a reminder that a single‑point‑of‑failure verifier can turn a bridge into a vault for attackers.
📊 KelpDAO blames LayerZero for approving the vulnerable 1‑of‑1 verifier that enabled the April 18 exploit, announces a $292 M loss, a pending $71 M frozen‑funds court fight, and vows to rebuild on Chainlink, signaling a major shift in protocol trust (#DeFi #CrossChain).
🌐 With Bitcoin stuck at $75,884 under extreme fear (25/100) and a bearish RSI of 39, Ethereum barely up 0.06% at $2,242 while its $5.30 B open interest
📊 KelpDAO blames LayerZero for approving the vulnerable 1‑of‑1 verifier that enabled the April 18 exploit, announces a $292 M loss, a pending $71 M frozen‑funds court fight, and vows to rebuild on Chainlink, signaling a major shift in protocol trust (#DeFi #CrossChain).
🌐 With Bitcoin stuck at $75,884 under extreme fear (25/100) and a bearish RSI of 39, Ethereum barely up 0.06% at $2,242 while its $5.30 B open interest
