$292 million
Coverage of $292 million in the Nexus archive.
- The $292M crypto hack exposed DeFi's weak spots. Here’s what must change, insiders say
A $292 million crypto hack has exposed critical vulnerabilities in DeFi protocols, prompting calls for stronger security measures and regulatory frameworks. Insiders emphasize the need for improved smart contract audits and risk management to prevent future breaches.
- Kelp DAO shifts blame to LayerZero for $292 million exploit; Aave examines bad debt scenarios
Kelp DAO is disputing LayerZero's claim about a security flaw, asserting the 1-of-1 DVN setup was LayerZero's default configuration. The dispute follows a $292 million exploit, while Aave reviews potential bad debt scenarios.
- LayerZero Pins $292M KelpDAO Bridge Hack on North Korea’s Lazarus Group
LayerZero attributes a $292 million hack of the KelpDAO Bridge to North Korea’s Lazarus Group, who forged a cross-chain message to execute the attack and nearly repeated the exploit before erasing their digital footprint.
- $292m stolen from Kelp DAO on Saturday. Stolen funds then deposited into Aave as collateral, with ETH borrowed against it. Aave's WETH pool hit 100% utilisation, and $6.6b in TVL vanished in hours.
$292 million was stolen from Kelp DAO, with the funds deposited into Aave as collateral to borrow ETH. Aave's WETH pool reached 100% utilization, and $6.6 billion in TVL disappeared within hours.