Gate News message, April 24 — Lido Labs is seeking DAO approval to allocate up to 2,500 staked Ethereum (approximately $5.8 million) to reduce the rsETH deficit caused by the recent Kelp exploit, according to a proposal posted Thursday. Kelp DAO's rsETH bridge suffered a LayerZero-based attack last

Gate News message, April 23 — JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said that persistent decentralized finance (DeFi) exploits and weak growth continue to limit institutional interest in the sector. The recent Kelp DAO hack wiped approximately $20 billion from DeFi's tot

Gate News message, April 23 — ILITY has raised $2 million in funding at a $21 million valuation, with Animoca Brands and Duck DAO co-leading the round. The funding marks a significant milestone for the project's mission to redefine cross-chain identity and data sovereignty in Web3. ILITY is

Gate News message, April 24 — Lido Labs is seeking DAO approval to allocate up to 2,500 staked Ethereum (roughly $5.8 million) to reduce the rsETH deficit caused by the recent Kelp exploit, according to a proposal posted on Thursday. The contribution would be made available only as part of a fully f

The Kelp DAO attacker converted around 75,700 ETH (about $175M) to Bitcoin via THORChain, producing $800M in trading volume and $910,000 in THORChain fees. Abstract: The report notes that the Kelp DAO attacker moved the majority of 75,700 ETH (roughly $175M) into Bitcoin using THORChain’s cross-chain swap. The swap generated about $800 million in trading volume and roughly $910,000 in THORChain fees, illustrating the liquidity and revenue implications of cross-chain activity during an exploit.

Lazarus releases Mach-O Man for macOS to steal keychain data and wallet credentials, targeting crypto executives via ClickFix pop-ups and compromised Telegram meetings. Abstract: The article reports that the Lazarus-linked Mach-O Man malware targets macOS to exfiltrate keychain data, browser credentials, and login sessions to access cryptocurrency wallets and exchange accounts. Distribution relies on ClickFix social engineering and compromised Telegram accounts directing victims to fake meeting links. The piece ties the operation to the April 20 Kelp DAO hack and identifies TraderTraitor as Lazarus-affiliated, noting rsETH movement across blockchains via LayerZero’s OFT standard.

Gate News message, April 22 — The suspected Kelp DAO hacker transferred 106,466 ETH to external wallets over the past 20 hours, according to on-chain data from Arkham. The attacker dispersed the funds across multiple addresses, a common money-laundering technique used to obscure transaction trails.

On April 18, a Kelp cross-chain bridge exploit led to the theft of $292 million in rsETH. Lido reported $21.6 million in exposure via its EarnETH vault, prompting Aave to freeze relevant markets. EarnETH has paused transactions and is deleveraging, while Lido's DAO treasury implemented a $3 million protection mechanism to cover potential losses. The core staking protocol remains unaffected.

LayerZero reported that the Kelp DAO exploit, attributed to North Korea's Lazarus Group, led to a loss of $292 million in rsETH tokens due to vulnerabilities in its decentralized verifier network. Additionally, eth.limo faced a domain hijacking from a social engineering attack, but DNSSEC mitigated severe damage.