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LayerZero Ties $292M KelpDAO Hack to North Korea's Lazarus Group
LayerZero said the attackers bypassed the bridge by spoofing RPC data, and Kelp’s single-verifier setup let 116,500 rsETH be drained, it said.
- LayerZero Labs attributed the $290 million Kelp DAO exploit to the protocol's security configuration, stating "KelpDAO chose to utilize a 1/1 DVN configuration" despite previous warnings against single-verifier setups.
- Attackers, whom LayerZero attributed with preliminary confidence to North Korea's Lazarus Group, compromised two RPC nodes and deployed a DDoS attack to force a failover to poisoned infrastructure.
- Once the failover triggered, Kelp's bridge released 116,500 rsETH to the attackers; malicious software then self-destructed, wiping local logs to conceal the manipulation of infrastructure RPCs.
- The LayerZero Labs verifier is back online, and the company will no longer sign messages for any application running a 1-of-1 configuration, forcing a protocol-wide migration.
- Lazarus Group has been linked to both the Drift Protocol exploit and Kelp, meaning the North Korean unit has drained more than $575 million from DeFi in 18 days through two structurally different attack vectors.
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North Korea hackers blamed for $290M crypto theft
The hack against Kelp DAO is the largest crypto heist of the year so far.
·United States
Read Full ArticleCrypto Billionaire Proposes Straight Talks With Suspected North Korea-Linked Hacker Behind $290 Million D
Tron (CRYPTO: TRX) founder Justin Sun proposed on Sunday a negotiation with the hacker behind the $290 million exploit of KelpDAO’s liquid restaking protocol. Sun Attempts Direct Communication With Hacker Sun addressed the KelpDAO hacker directly on X, asking, “How much you want? Let's just talk.” The cryptocurrency billionaire contended that it’s unwise to let KelpDAO and other decentralized finance platforms, such as Aave (CRYPTO: AAVE), colla…
·New York, United States
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Total News Sources69
Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
13%
C 75%
12%
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