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
Amidst yet another big hack attributed to North Korea-linked operatives, some crypto builders have confessed they are passing tests during interviews to developers to make sure they are not North Korean agents. The Fool-Proof “Kim Jong‑Un Test” For Crypto Developers Once again, the Democratic People’s Republic of Korea (DPRK) is responsible for some action movie-sounding…
View More Crypto Trust Crisis — The “Kim Jong‑Un Test” Is Exposing Secret North Korean Moles
The US Treasury (OFAC) has sanctioned six individuals and two entities tied to the Democratic People’s Republic of Korea (DPRK) IT‑worker schemes that allegedly generated nearly $800 million in 2024. US Vs. DPRK Over Crypto Fraud Crypto is once again at the center of Washington’s latest sanctions push. On an official press release on March…
View More Crypto Sanctions Shock: Treasury Hits DPRK IT Web After $800M Fraud