A $292M DeFi exploit is intensifying concerns over hidden vulnerabilities in cross-chain systems. The incident underscores how flawed trust assumptions can allow manipulated inputs to bypass safeguards and trigger undetected, large-scale asset issuance. Key Takeaways: Chainalysis flags a KelpDAO exploit exposing a critical failure in cross-chain trust assumptions. Analysis showed Layerzero design flaws can let […] from Bitcoin News https://ift.tt/yYGpxfE
Following the KelpDAO exploit that resulted in the loss of nearly $300 million, the decentralized finance ( DeFi) ecosystem has experienced a cascading wave of withdrawals, affecting not only Aave but a wide range of other major DeFi protocols. Key Takeaways: KelpDAO exploit drained $300M+ on Apr. 18, hitting Aave with bad debt and freezes. […] from Bitcoin News https://ift.tt/0mntZvF