Crypto
ETH wallet exploit backfires as MEV bot captures $7.7M, Kelp freezes address
An MEV bot known as "Yoink" front-ran an attacker attempting to exploit a custom Safe module, capturing the stolen rsETH before Kelp temporarily froze the rece…
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Kelp
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Latest on Kelp
Newest firstCalifornia officials allow plans for the country's biggest kelp farm to move forward
California has long been farm country, and its oceans soon could be, too
Crypto
Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds
The Kelp DAO exploiter laundered about $220 million worth of remaining stolen funds in a bid to make them untraceable, excluding the $71 million frozen by Arbi…
Crypto
Kelp DAO says rsETH restored 5 weeks after $293M protocol hack
Kelp DAO says that sETH mints, redemptions and rewards operations have been running smoothly since it opened withdrawals for the token earlier this month.
Crypto
Kelp DAO eyes unpausing withdrawals after attackers' rsETH on Arbitrum is burned
Kelp DAO has burned the exploiter's tokens and outlined a two-week plan to refill rsETH through Aave's Recovery Guardian multisig wallet.
Crypto
Aave liquidates Kelp DAO hacker's rsETH positions on Ethereum, Arbitrum
Galaxy Digital's Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO ha…
Planes and ships could run on kelp someday, but there are serious hurdles
Kelp, a kind of seaweed, can be used in biofuels that one day could power ships and aircraft
Finance
Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues
Bryan Pellegrino, co-founder and CEO of LayerZero, disputes Kelp DAO's accusations and said a postmortem by external security firms will be published soon.
Commodities
The kelp producer who wants to get Americans eating seaweed
Marine farmer Suzie Flores also hopes the crop can revitalise the US's small fishing towns.
Crypto
Kelp DAO exploiter launders nearly all 75,700 in stolen ETH through THORchain
The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by…
Finance
Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
Aave's supplied balance has tanked since the Kelp DAO bridge exploit, as users pull funds amid uncertainty over how much of the rsETH-linked shortfall the prot…
Privacy protocol Umbra shuts front end to stifle Kelp exploiters
Umbra has shut down its front end to stop hackers, but says it can't stop the use of its smart contracts or another version of its open-source front end.
Crypto
Kelp DAO attacker moves $175M in Ether after exploit: Arkham
The Kelp DAO attacker has moved $175 million of stolen Ether in an apparent bid to start laundering it after the $290 million exploit.
Crypto
Aave risk manager models 2 bad debt scenarios from Kelp DAO exploit
The first scenario is far cheaper but runs the risk of rsETH depegging an estimated 15%, while the second is costlier but better protects Ethereum mainnet and…
Finance
LayerZero says Kelp setup caused exploit, as Aave loss questions mount
LayerZero said that Kelp's DVN setup caused the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall.
Finance
Aave's TVL tanks $8B a day after $293M Kelp DAO hack
The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol.
Crypto
Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance.
Crypto
Kelp restaking platform exploited, $293M drained in attack
The attack caused a "cross-protocol contagion" that has impacted at least nine crypto protocols, blockchain security firm Cyvers said.
