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LayerZero Says Kelp Switched rsETH Bridge to 1-of-1 Verification Before $292M Exploit

2026-05-20 15:05:54

LayerZero said KelpDAO changed the rsETH bridge from a 2-of-2 DVN stack to a 1-of-1 setup before the April 18 exploit that released 116,500 rsETH worth about $292 million. LayerZero said the breach began on March 6 after malware on a developer's Mac gave the attacker access to internal RPC infrastructure for six weeks. On April 18, LayerZero said tampered op-geth servers and DDoS attacks on external RPC providers helped produce a forged attestation that unlocked the funds. Mandiant and CrowdStrike attributed the operation with high confidence to UNC4899, a DPRK-linked group.

ZRO-0.72%

OP3.16%

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