Cross-chain interoperability protocol LayerZero acknowledges primary responsibility for a $292M exploit affecting KelpDAO, reversing its initial framing of the incident as a developer configuration failure.
Leading DeFi protocol Aave has announced a comprehensive overhaul of its collateral and listing standards in response to risk management issues exposed by the recent KelpDAO exploit. As one of the largest lending protocols in DeFi, Aave’s move aims to strengthen protocol security and prevent similar incidents. The reforms are expected to impact collateral parameters for multiple listed assets.