TradFi tokenization has single points of failure. DeFi hack
On Saturday the KelpDAO protocol suffered a $292 million hack by actors linked to the DPRK, with the vulnerability involving a cross chain exploit and around 77% of the unbacked tokens deposited as collateral with lending pool Aave.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Ledger_insights.
The commentary draws on the $292 million KelpDAO exploit, where Lazarus-linked attackers compromised two RPC nodes feeding LayerZero's DVN, showing how off-chain verifier dependencies become single points of failure for tokenized assets too.
Discussion
Comments are reviewed before publication.
Want the full article?
Continue reading on Ledger_insights →
No comments yet.