LayerZero says it ‘made a mistake’ in $292 Million Kelp exploit
60-second summary
LayerZero acknowledges responsibility for a $292 million Kelp exploit, stating it made a mistake in allowing its verifier to secure high-value transfers in a vulnerable configuration.
After initially framing the exploit as a developer configuration failure, LayerZero said it “owns” the decision to let its own verifier secure high-value transfers in a vulnerable setup.