DeFi Platform Aave Impacted by $290M KelpDAO Hack; Vantage Launches Enhanced Trading App
DeFi Platform Aave Impacted by $290M KelpDAO Hack; Vantage Launches Enhanced Trading App
A significant $290 million crypto hack on KelpDAO, potentially linked to North Korea's Lazarus Group, has led to a plunge in the total value locked on the decentralized lending platform Aave. In other news, Vantage has introduced an enhanced application designed to provide a seamless all-in-one trading experience.
DeFi Platform Aave Sees TVL Drop After $290M KelpDAO Exploit
The total value locked (TVL) on the decentralized lending platform Aave is reportedly plunging following a massive $290 million exploit of KelpDAO’s cross-chain rsETH configuration. LayerZero, a blockchain interoperability protocol, indicates that preliminary evidence points towards North Korea’s notorious Lazarus Group as the perpetrators. The attacker, described as a “highly-sophisticated state actor,” reportedly carried out the exploit on April 18, siphoning approximately $290 million.
Vantage Introduces Enhanced All-in-One Trading App
In a separate development, Vantage has announced the launch of an enhanced application. This new app aims to provide users with a seamless and comprehensive all-in-one trading experience.