Kelp claims LayerZero approved setup blamed for $292M bridge hack, shifting to Chainlink's protocol.

Kelp DAO alleges that LayerZero personnel approved the 1-of-1 verifier setup responsible for a $292 million rsETH bridge hack linked to North Korean hackers, contradicting LayerZero's claim that Kelp misconfigured the setup. Data shows nearly half of LayerZero's active contracts used this risky setup, which LayerZero banned after the hack. The exploit led Kelp to migrate its rsETH from LayerZero's OFT standard to Chainlink's Cross-Chain Interoperability Protocol for better security. The hack exposed significant vulnerabilities in LayerZero's verifier network, raising concerns about its monitoring and security practices.