on weekends, hackers stole Over $290 million in cryptocurrencies from Kelp DAO, a protocol that allows users to earn returns on passive crypto investments.
By Monday, LayerZero, one of the projects affected by the hack, accused North Korea of carrying out the heist. This hack is the biggest crypto theft of the year so far after the previous hack on crypto exchange drift Hackers made about $285 million in April.
Per its posted on xLayerZero said the hackers exploited Kelp DAO through its LayerZero Bridge, which allows different blockchains to send instructions to each other. The hackers then took advantage of Kelp’s own security configuration, which did not require multiple verifications before a transaction was approved. This allowed hackers to withdraw funds through fraudulent transactions.
The company cited “early indicators” that point to North Korea as the culprit, specifically its hacking group that targets crypto known as businessman traitor.
kelp dao express reaction Instead LayerZero was blamed for theft.
Over the past few years, North Korean hackers working for Kim Jong Un’s regime have become highly successful in stealing crypto. last year, North Korean hackers stole over $2 billion in crypto. Overall, the total amount of crypto stolen by North Korea since 2017 is reported to be around $6 billion.
