Cardano Founder Warns KelpDAO Hack Exposes Ethereum’s Weakest Link
Cardano founder Charles Hoskinson used his latest livestream to argue that the roughly $292 million KelpDAO exploit was not just another bridge failure, but a broader warning about how Ethereum’s restaking, cross-chain messaging, and lending stack can turn a single compromise into system-wide contagion. In Hoskinson’s telling, the April 18 attack exposed what he sees […]
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Cardano founder Charles Hoskinson has warned XRP investors about Ripple, stating that the company is dumping XRP to fund its business operations. He also noted that Ripple’s business doesn’t in any way benefit these XRP holders but only the company’s shareholders. Cardano Founder Warns XRP Investors About Ripple In an interview, the Cardano founder stated […]
Arbitrum’s Security Council has frozen 30,766 ETH tied to the KelpDAO exploit, moving the funds out of an address on Arbitrum One and into an intermediary wallet that now requires further governance action to unlock. At roughly $71 million, the move was large enough on its own. What made it more consequential was the method: a crypto governance body stepping in directly to override the normal finality of chain-held funds. In its statement, Arbitrum said: “The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is....
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. Related Reading: Bitcoin’s Decentralization Narrative Under Fire After Epstein Files Claims 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....
The colossal $1.5 billion hack of Bybit last week has set off fierce discussions across the crypto community, with some industry voices contending that Ethereum’s design might have played a role. The theft of approximately 401,000 Ether (ETH)— orchestrated by the North Korean Lazarus Group—has raised questions about whether Ethereum’s complexity makes its ecosystem uniquely […]
Cardano founder Charles Hoskinson used his late-November 25 livestream to argue that, despite the recent hack, FBI drama and social-media firestorms, “overall, Cardano is really healthy.” He insisted that the protocol side of the recent incident is largely behind them, saying, “we recovered… we’re on the other side of it, we’re in cleanup mode,” and […]