LayerZero says Kelp setup caused exploit, as Aave loss questions mount
Burns Brief
LayerZero said that Kelp’s DVN setup caused the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $AAVE for reaction — a decisive move above or below key levels will confirm the next trend.
LayerZero said that Kelp’s DVN setup caused the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall.
Key Takeaways
- LayerZero said that Kelp’s DVN setup caused the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall