Kelp DAO claims LayerZero’s 'default' settings are what actually caused the massive $290 million disaster
Burns Brief
The liquid restaking protocol said the compromised verifier was LayerZero's own infrastructure, and the setup it was faulted for running was LayerZero's onboarding default Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The liquid restaking protocol said the compromised verifier was LayerZero's own infrastructure, and the setup it was faulted for running was LayerZero's onboarding default.
Key Takeaways
- The liquid restaking protocol said the compromised verifier was LayerZero's own infrastructure, and the setup it was faulted for running was LayerZero's onboarding default