Kelp DAO shift de rsETH bridge from LayerZero go Chainlink CCIP after $292M hack
Kelp DAO talk say dem dey migrate dia rsETH liquid restaking token bridge from LayerZero OFT go Chainlink CCIP after the April 18 attack wey drain 116,500 rsETH and cause about $292 million loss for DeFi.
The report link the exploit to one "single validator" bridge setup. Attackers allegedly use compromised network RPC nodes and do DDoS-like traffic redirection to send requests to "poisoned" nodes, wey allow forged signatures to release tokens for the destination chain without the expected upstream burn — leave rsETH exposed and almost 18% of circulating rsETH affect.
Kelp DAO deny LayerZero claim say the configuration break best practices, dem talk LayerZero staff approve the single-validator design. LayerZero later ban the setup and push migrations for the affected apps.
Why Chainlink CCIP: CCIP dey positioned as security-first, multi-layer architecture with separate oracle networks and risk-management code paths, to reduce blast radius from single-path failures. CCIP also get no major security incidents since launch.
After the hack, LayerZero pledge 10,000 ETH for recovery and Arbitrum freeze 30,766 ETH from attacker-linked wallets, though US legal efforts still unclear.
For traders, the main lesson na the ongoing cross-chain bridge risk: the rsETH infrastructure change fit improve perceived safety, but short-term sentiment go likely depend on whether more bridge exploits show up.
Neutral
Na be one targeted infrastructure change no be say token fundamentals don change. rsETH dey directly affected because dia bridge commot from LayerZero OFT go Chainlink CCIP, we fit make people feel say e safer and reduce chance say only one path go fail for future. But the market impact likely small, e go just affect sentiment around bridging/interop risk: unless more exploits or protocol-wide exposure show, traders fit treat the change as remediation. So expected price impact on rsETH na neutral.