The post KelpDAO Shifts to Chainlink CCIP Following $292M Exploit Dispute appeared first on Coinpedia Fintech News KelpDAO announced it will migrate its rsETH tokenThe post KelpDAO Shifts to Chainlink CCIP Following $292M Exploit Dispute appeared first on Coinpedia Fintech News KelpDAO announced it will migrate its rsETH token
KelpDAO Shifts to Chainlink CCIP Following $292M Exploit Dispute
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The post KelpDAO Shifts to Chainlink CCIP Following $292M Exploit Dispute appeared first on Coinpedia Fintech News
KelpDAO announced it will migrate its rsETH token from LayerZero to Chainlink CCIP after an April 18 exploit that drained 116,500 rsETH, worth about $292 million. The protocol blamed LayerZero’s single verifier setup and lack of warnings during integration. LayerZero CEO Bryan Pellegrino responded that Kelp chose the risky configuration despite guidance to use multiple verifiers. The disagreement has divided the community, with some backing Chainlink’s stronger security model and others raising concerns over both sides.
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