Kelp DAO loses $294 million due to bridge vulnerability
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Kelp DAO lost approximately 294 million USD in the LayerZero bridge vulnerability. The price of ZRO fell from 2 USD to 1.4 USD, and a whale who held a ZRO long position on HyperLiquid was partially liquidated, incurring a loss of 2.88 million USD, with an unrealized loss currently exceeding 750 thousand USD. The total loss is around 29 million USD. (Onchain Lens)
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