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.
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
Ethereum exchange-traded funds (ETFs) led crypto fund inflows last week with $103.9 million, marking a third consecutive week of strong demand. Bitcoin ETFs saw declining inflows, dropping to $33.79 million amid two days of significant outflows. Mean...
United Stables has chosen Chainlink as its official data and cross-chain infrastructure provider to improve security for its native stablecoin on the BNB Chain. This adoption aims to strengthen the security standards of the stablecoin, ensuring safer...
Large holders have added over 14 million LINK tokens in the past three weeks, signaling growing confidence despite recent market consolidation. This accumulation, combined with steady outflows from exchanges, suggests investors prefer holding rather ...
Beefy Finance has introduced its Cowcentrated Liquidity Manager (CLM) on Ethereum mainnet, automating the management of concentrated liquidity positions on Uniswap V3 for top trading pairs like AAVE-WETH and UNI-WETH. The CLM pools user deposits, aut...
