LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperability protocol blamed Kelp’s 1-of-1 verifier configuration for the incident.
LayerZero Blames KelpDAO For $290M Exploit
Over the weekend, liquid restaking protocol KelpDAO was the victim of an attack that drained over $290 million in rsETH from the project after malicious actors exploited a weakness in the protocol’s LayerZero-powered bridge.
Two days later, LayerZero addressed the incident, which became the largest DeFi hack of 2026, just weeks after Drift Protocol’s $285 million exploit shocked the industry.
LayerZero attributed the “highly sophisticated attack” to North Korea’s Lazarus Group, claiming that it was a crypto infrastructure attack rather than a protocol exploit, and affirming that “there is zero contagion to any other cross-chain assets or applications.”
They explained that the protocol is built on a “foundation o
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