According to The Block, Kelp DAO is abandoning LayerZero as its cross-chain infrastructure provider in favor of Chainlink, becoming the first major protocol to move away from LayerZero following the $292 million exploit last month. On April 18, attackers linked to North Korea’s Lazarus Group exploited a single-verifier configuration in LayerZero’s Omnichain Fungible Token bridge, draining 116,500 rsETH from Kelp DAO.
LayerZero had recommended the 1-of-1 Decentralized Verifier Network setup as its default configuration; analysis shows 47% of approximately 2,665 LayerZero applications were running the same single-verifier setup at the time of the attack. Chainlink’s decentralized oracle networks require at least 16 independent node operators to validate cross-chain transactions, providing enhanced security. Kelp DAO will also adopt Chainlink’s Cross-Chain Token standard, with rsETH leveraging Chainlink’s infrastructure that has supported over $30 trillion in cross-chain transaction value to date.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple CEO Rejects AI Job-Cutting Narrative Amid Coinbase Layoffs
Ripple CEO Pushes AI-as-Growth Narrative
Ripple CEO Brad Garlinghouse rejected the notion that artificial intelligence is primarily a tool for cutting jobs, speaking to CoinDesk at Consensus Miami 2026. "Painting AI as the boogeyman is a travesty," Garlinghouse said, framing the technology as a
CryptoFrontier1h ago
Gomining Launches GoBTC at Consensus Miami, Targeting Bitcoin's Long-Awaited Payments Layer
Gomining, one of the world’s top-10 bitcoin miners with five million users, has unveiled GoBTC at Consensus Miami 2026, an open payment protocol delivering instant authorization and onchain bitcoin settlement within 12 hours, at a 0.2% merchant fee.
Key Takeaways:
Gomining launched GoBTC at Conse
Coinpedia1h ago
Prophet Launches AI-Powered Prediction Market with $10,000 Live Trading Tranche Today
According to MetaversePost, Prophet launched an AI-powered prediction market today (May 6) with $10,000 in USDC allocated to live trading. Users can trade directly against an AI counterparty that generates probability-based pricing for each market, with some contracts settling within 24
GateNews2h ago
WorldClaw Launches WorldRouter with WLFI, Offers 300+ AI Models at 30% Lower Cost
According to WorldClaw, the company launched WorldRouter in partnership with World Liberty Fi, enabling users to access over 300 AI models through a single account at approximately 30% lower costs than direct provider pricing. WorldRouter serves as the first entry point to WorldClaw's AgentOS,
GateNews2h ago
Stable Mainnet v1.3.0 Upgrade Activates on May 13 at Block Height 24,077,500
According to Foresight News, Stable's mainnet v1.3.0 upgrade will activate on May 13 at 15:00 UTC at block height 24,077,500. The upgrade enhances execution security and improves network consensus by strengthening protection for precompiled execution, fixing EVM execution inconsistencies, and improv
GateNews3h ago
SoFi Launches SoFiUSD on Solana, Citing Lower Costs and Speed
According to SoFi head Ben Reynolds, SoFi Technologies will launch its SoFiUSD stablecoin on Solana on Tuesday (May 5). The move follows the company's December 2025 debut of SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank.
"We think it is the right chain to use for payments, pa
GateNews4h ago
