Cross-Chain Security Debate Intensifies After Kelp DAO Attack

PANews posted on X (formerly Twitter). The recent attack on Kelp DAO has sparked a heated debate over cross-chain security. LayerZero, a key player in the cross-chain ecosystem, faced criticism for its handling of the incident. Initially, LayerZero attempted to deflect blame, which led to backlash from the community. The company has since issued an apology and announced plans to implement corrective measures. In contrast, Chainlink has quietly absorbed $3 billion in liquidity migration over the past week, highlighting its growing role in the cross-chain space. The incident has underscored the importance of robust security measures in cross-chain operations, as the industry continues to grapple with vulnerabilities and risks associated with decentralized finance (DeFi) platforms.