KelpDAO blames LayerZero infrastructure for $292M rsETH hack, shifts to Chainlink CCIP

KelpDAO said LayerZero approved the bridge configuration later blamed for the $292 million rsETH exploit, escalating a dispute over responsibility for one of DeFi’s largest cross chain security failures this year. The dispute centers on the April 18 exploit that drained about 116,500 rsETH from KelpDAO’s LayerZero bridge. Chainalysis said the attack was not a…

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A16z Crypto Unveils $2.2 Billion Fund to Build the ‘Next Wave’ of Financial Innovation

Key Takeaways: A16z Crypto launched its $2.2B Crypto Fund 5 to help startups build the next era of financial tech. Chris Dixon noted stablecoins drive real adoption, shifting the market past 1st-wave speculation. Following Haun Ventures’ recent $1B fund, A16z will next expand tokenization and on-chain markets. A16Z Crypto Unveils $2.2 Billion Crypto Fund 5…

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