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LayerZero Ties $292M KelpDAO Hack to North Korea's Lazarus Group
LayerZero said the attackers bypassed the bridge by spoofing RPC data, and Kelp’s single-verifier setup let 116,500 rsETH be drained, it said.
- LayerZero Labs attributed the $290 million Kelp DAO exploit to the protocol's security configuration, stating "KelpDAO chose to utilize a 1/1 DVN configuration" despite previous warnings against single-verifier setups.
- Attackers, whom LayerZero attributed with preliminary confidence to North Korea's Lazarus Group, compromised two RPC nodes and deployed a DDoS attack to force a failover to poisoned infrastructure.
- Once the failover triggered, Kelp's bridge released 116,500 rsETH to the attackers; malicious software then self-destructed, wiping local logs to conceal the manipulation of infrastructure RPCs.
- The LayerZero Labs verifier is back online, and the company will no longer sign messages for any application running a 1-of-1 configuration, forcing a protocol-wide migration.
- Lazarus Group has been linked to both the Drift Protocol exploit and Kelp, meaning the North Korean unit has drained more than $575 million from DeFi in 18 days through two structurally different attack vectors.
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North Korean hackers linked to $290M heist from cryptocurrency platform
North Korean cybercriminals were allegedly behind the theft of over $290 million from the decentralized finance (DeFi) platform KelpDAO on Saturday, Pyongyang’s second major cryptocurrency heist in April and largest virtual theft so far this year. In a statement released Monday, KelpDAO supplier LayerZero said TraderTraitor — a unit of North Korea’s Lazarus Group
·Seoul, Korea (the Republic of)
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IT Security News - cybersecurity, infosecurity news
IT Security News - cybersecurity, infosecurity newsNorth Korean hackers blamed for $290M crypto theft
The hack against Kelp DAO is the largest crypto heist of the year so far.
·United States
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Total News Sources81
Leaning Left1Leaning Right1Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
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