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. 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…
View More Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack
Following the controversial accusations, the results of the third-party forensic review of the Cardano (ADA) voucher redemption program have been made public. Cardano’s founder, Charles Hoskinson, says he’s now “waiting for the apologies to come rolling in.” Cardano Accusations Have ‘No Basis’ On Wednesday, the Cardano community celebrated after the third-party forensic review of the…
View More Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results
Coinbase’s Layer-2 (L2) Network, Base, has faced intense backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%, sparking a debate about the future of memecoins and on-chain content. The Rise And Fall Of Base’s Unofficial Memecoin On Wednesday, Base’s official X account posted an image with the text “Base…
View More On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoin Crashes 90%
Cardano founder Charles Hoskinson took X to defend the project from its detractors, arguing that the network has continued to grow and thrive despite the criticism. As ADA’s price falls 2.9%, some analysts warn of the next key level to watch out for. Charles Hoskinson Defends Cardano On Thursday, Charles Hoskinson addressed the adverse response…
View More ‘Cardano Isn’t Dying’: Charles Hoskinson Defends Project Amid ADA Price Criticism