KelpDAO blames LayerZero for $300M DeFi exploit, citing infrastructure breach confirmed by SEAL 911.

KelpDAO has accused LayerZero of being responsible for a major DeFi exploit on April 18, which resulted in losses exceeding $300 million. Independent security researchers from SEAL 911 have confirmed that the breach originated from LayerZero's infrastructure. This accusation challenges LayerZero's narrative and raises concerns about the security of cross-chain protocols. The incident highlights the risks in decentralized finance and the need for stronger infrastructure safeguards.