Kelp DAO moves rsETH to Chainlink CCIP as LayerZero dispute grows
Kelp DAO said it will migrate rsETH to Chainlink‘s Cross-Chain Interoperability Protocol after April’s $292 million bridge exploit, while its dispute with LayerZero over the cause of the attack continued to deepen.Kelp DAO is moving rsETH to Chainlink CCIP after Aprils $292 million bridge exploit.LayerZero denied Kelps claims and said rsETH manually changed to a 1-of-1 setup.Aave is fighting a restraining notice over frozen ETH tied to the rsETH hack. Kelp DAO said the move to Chainlink CCIP is part of its plan to strengthen rsETH security after hackers drained 116,500 rsETH from its LayerZero-powered bridge on April 18. The stolen tokens were later used as collateral on Aave v3 to borrow wrapped Ether. “After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to Chainlink CCIP,” Kelp DAO said in an X post. The change will move rsETH away from LayerZero‘s OFT standard and onto Chainlink’s Cross-Chain Token standard. The attack has become one of the largest DeFi exploits reported this year. It also triggered stress across lending markets because the stolen rsETH entered Aave as collateral before parts of the related funds were frozen. Kelp questions LayerZeros security warnings Kelp DAO claims LayerZero