Suspected hacker address responsible for CAKE and THE liquidation events, Venus incurs a $2.15 million shortfall

Kelp DAO Hack Attributed to Lazarus Group; eth.limo Domain Hijacked via Social Engineering

LayerZero reported that the Kelp DAO exploit, attributed to North Korea's Lazarus Group, led to a loss of $292 million in rsETH tokens due to vulnerabilities in its decentralized verifier network. Additionally, eth.limo faced a domain hijacking from a social engineering attack, but DNSSEC mitigated severe damage.

DeFi Hack Triggers $9 Billion in Outflows from Aave as Stolen Tokens Used as Collateral

A recent hack draining nearly $300 million from a crypto project led to a liquidity crisis on Aave, causing users to withdraw around $9 billion. Concerns over collateral quality prompted mass withdrawals, highlighting risks in DeFi lending.

Ethereum Phishing Attack Drains $585K From Four Users, Single Victim Loses $221K WBTC

A coordinated Ethereum phishing attack drained $585,000 from four victims, exploiting user permissions through a deceptive link. This incident highlights the rapid loss of funds via social engineering, even under the guise of legitimacy.

Pay attention to the signed content! Vercel is hit with ransomware demanding $2 million, and crypto protocol frontend security raises a red flag

The cloud development platform Vercel was breached by hackers on April 19. The attackers gained access through a third-party AI tool used by employees and threatened to extort $2 million. Although sensitive data was not accessed, other data may have been used. The incident has raised security concerns in the crypto community, and Vercel is currently investigating while advising users to rotate their keys.

KelpDAO Loses $290M in Lazarus Group LayerZero Attack

KelpDAO faced a $290 million loss due to a sophisticated security breach linked to the Lazarus Group. The attack exploited configuration weaknesses in their verification system and highlighted the risks of relying on a single-point verification setup. Industry experts emphasize the need for improved security configurations and multi-layer verification to prevent future incidents.

LayerZero responds to Kelp DAO’s 292 million incident: it indicates that Kelp set up a custom 1-of-1 DVN configuration, and the attacker was North Korea’s Lazarus.

LayerZero issued a statement regarding the $292 million hack suffered by Kelp DAO, accusing Kelp’s self-selected 1-of-1 DVN configuration of making the incident possible. The attacker was the North Korean Lazarus Group. LayerZero emphasized that this incident stems from configuration choices and that it will no longer support this kind of vulnerable setup. In addition, responsibility is still disputed, and no compensation plan has been provided.