Cryptocurrency5 May 2026SEO 801 min read

Analysis: Kelp claims that LayerZero approved the setup it blamed for $292 million bridge…

The $292M exploit, linked to North Korean hackers, led Kelp to migrate its rsETH off LayerZero's "OFT" standard to Chainlink's "CCIP." Kelp DAO claim…

The $292M exploit, linked to North Korean hackers, led Kelp to migrate its rsETH off LayerZero's "OFT" standard to Chainlink's "CCIP." Kelp DAO claims LayerZero personnel approved the 1-of-1 verifier setup that LayerZero later blamed for the $292 million rsETH bridge hack. LayerZero's postmortem contradicted Kelp, but data showed 47% of active LayerZero OApp contracts used a 1-of-1 DVN setup. LayerZero banned it post-hack. The $292 million exploit, linked to a North Korean hacker…

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AnalysisKelpclaimsthatLayerZeroapprovedthesetup