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KelpDAO Shifts to Chainlink CCIP Following $292M Exploit Dispute
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
KelpDAO announced it will migrate its rsETH token from LayerZero to Chainlink CCIP after an April 18 exploit that drained 116,500 rsETH, worth about $292 million. The protocol blamed LayerZero’s single verifier setup and lack of warnings during integration. LayerZero CEO Bryan Pellegrino responded that Kelp chose the risky configuration despite guidance to use multiple verifiers. The disagreement has divided the community, with some backing Chainlink’s stronger security model and others raising concerns over both sides.
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