Kelp DAO accused LayerZero of approving a risky single-verifier bridge configuration that led to a $292 million rsETH hack. The exploit drained 116,500 rsETH due to a 1-of-1 DVN setup with LayerZero Labs as the sole verifier. Kelp claims LayerZero reviewed and accepted this setup for over two years without warning, contradicting LayerZero's claim that Kelp ignored security recommendations. Following the hack, Kelp plans to move its rsETH infrastructure to Chainlink’s Cross-Chain Interoperability Protocol, while LayerZero suspects North Korea’s Lazarus Group behind the attack. This incident has raised concerns about the security and decentralization of cross-chain bridges in crypto.
Bitcoin whale inflows to Binance have declined by 34% from mid-June to early July, falling from $7.04 billion to $4.65 billion, outpacing the 18% drop in retail investor deposits. This suggests that large Bitcoin holders are moving fewer coins to exc...
Aave V4 has exceeded $250 million in deposits, driven by improved capital efficiency and expanded lending options, signaling strong adoption despite a tough DeFi market. While some deposits came from users migrating from V3, new capital continues to ...
Hexagon Agility, a Hexagon Composites subsidiary, secured its largest order ever worth $100 million from Certarus for Mobile Pipeline modules, including the new TITAN 510. These modules will support Certarus' expanding fleet to supply compressed natu...
South Korea's Busan Bank has successfully completed a proof-of-concept pilot testing the infrastructure for Korean won stablecoin payments using the Kaia Chain blockchain. This pilot, done in partnership with Danal Fintech, focused on the technical f...
A father shared a money-saving hack for families eating at Chick-fil-A, revealing that buying 30 nuggets and separate buns costs less than ordering individual chicken sandwiches. This approach allowed his family of five to dine for under $45, despite...
