KelpDAO heist triggers $290 million breach tied to Lazarus hackers

KelpDAO heist reveals massive $290 million loss

State‑sponsored North Korean actors, identified as the Lazarus Group, orchestrated the KelpDAO heist on Saturday, siphoning ↓ $290 million from the decentralized finance protocol. Security analysts say the attack exploited a vulnerability in the platform’s smart‑contract logic, allowing the hackers to redirect liquidity pools to untracked wallets.

“This is one of the largest crypto thefts attributed to Lazarus in recent months,” said a senior researcher at Reuters.

The incident underscores persistent threats to DeFi ecosystems, prompting calls for stricter audit standards. Bloomberg reports that KelpDAO’s token value plummeted by over 60% within hours, eroding investor confidence across the sector.

Intel provided by: Lyra Valance

Digital Assets & Web3 Insider