"LayerZero accused North Korea of carrying out the heist, stating that the hackers exploited Kelp DAO via its LayerZero bridge, which allows different blockchains to send instructions to each other."
"The hackers took advantage of Kelp's own security configuration, which did not require multiple verifications before approving transactions, enabling them to siphon off the funds with fraudulent transactions."
"North Korean hackers working for Kim Jong Un's regime have become highly successful at stealing crypto, with last year's thefts totaling more than $2 billion."
"Since 2017, the total amount of stolen crypto attributed to North Korea is said to be around $6 billion, highlighting the ongoing threat posed by these cybercriminals."
Hackers stole more than $290 million in cryptocurrency from Kelp DAO, marking the largest crypto theft of the year. LayerZero accused North Korea of the heist, claiming the hackers exploited Kelp DAO's LayerZero bridge and its inadequate security configuration. This allowed fraudulent transactions to siphon off funds. Kelp DAO countered by blaming LayerZero for the theft. North Korean hackers have been increasingly successful in crypto theft, with over $2 billion stolen last year and a total of around $6 billion since 2017.
Read at TechCrunch
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