Ethereum Staking Platform Lido Finance Halts Withdrawals Amid DeFi Security Concerns
Lido Finance, a major Ethereum liquid staking platform, has halted withdrawals following a significant hack of Kelp DAO, which resulted in $293 million being stolen. The incident has raised concerns across the DeFi space, prompting platforms to take protective measures. The hack exploited a vulnerability in Kelp DAO's cross-chain bridge, attributed to the North Korean Lazarus group.
Topics: cross_chain_bridge crypto_hack decentralized_finance KelpDAO LayerZero security_vulnerability