DeFi Provider Kelp DAO Navigates New Path Following Security Breach

In a strategic pivot, decentralized finance provider Kelp DAO has shifted its infrastructure for the liquid restaked token rsETH to Chainlink’s CCIP. This transition comes after a significant security breach in April where hackers exploited LayerZero’s bridge, causing massive financial losses, including 116,500 rsETH from Kelp DAO.

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