Curve Founder Proposes DeFi Safety Standards

Curve founder Michael Egorov proposes DeFi safety standards, urging Ethereum and Solana Foundations to lead industry-wide security protocols following recent KelpDAO rsETH incident.

KelpDAO Hacked for $430M by North Korea

Decentralized finance platform KelpDAO was hacked for approximately $430 million worth of crypto assets on April 18. LayerZero, an infrastructure provider, attributed the sophisticated nation-state attack to North Korea's Lazarus Group.

Lazarus APT Steals $290M from Kelp DAO

North Korea-linked Lazarus Group executed a $290 million cryptocurrency theft from Kelp DAO by exploiting LayerZero protocol. A second $95 million theft attempt was successfully prevented.