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Claim1,200 USDT in the Monthly Creation ChallengeVote to help HTX win & share 300 USDT!HTX Community Spring Creation ContestOver the weekend, the crypto market woke up to news regarding the exploit of

Claim1,200 USDT in the Monthly Creation Challenge

Over the weekend, the crypto market woke up to news regarding the exploit of the KelpDAO protocol. A $293 million exploit of Kelp’s bridge allowed attackers to use stolen rsETH, a liquid restaking token widely used in DeFi, as collateral to borrow funds on lending platforms, sparking concerns from the broader crypto market.

The attacker stole about 116,500 rsETH, a token issued by Kelp DAO that represents "restaked" Ethereum by targeting a bridge built using LayerZero, a system that allows different blockchains to communicate. The total losses are estimated at roughly $293 million, making it the largest DeFi exploit of 2026.

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BASED: Hyperliquid’s On-Chain Super App

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimPost To Earn BonusLayerZero Team Explains the Reason Behind the Recent $290 Million Hack! Here Are the Details LayerZero, in 

LayerZero Team Explains the Reason Behind the Recent $290 Million Hack! Here Are the Details


LayerZero, in its statement regarding the Kelp DAO attack worth approximately $290 million, stated that the root cause of the incident was vulnerabilities in Kelp’s security architecture.

The company highlighted that the liquid restaking protocol Kelp DAO uses a single-verifier system instead of a multi-verifier system, despite prior warnings.

According to LayerZero, the attackers used a new method that focused on the infrastructure layer instead of targeting the protocol code. The statement indicated that the attack was most likely carried out by the North Korea-linked Lazarus Group and its subgroup, TraderTraitor. The attackers reportedly compromised two RPC nodes used in the verification process, making fraudulent transactions appear as if they had been verified.

However, the attackers manipulated the system by launching distributed denial-of-service (DDoS) attacks against other intact RPC nodes. This ensured that the validator system only received data from the compromised nodes, and 116,500 rsETH fell under the attackers’ control via the bridge.

LayerZero emphasized that the incident was only possible due to Kelp’s “1-of-1” validator configuration. The company stated that such an attack would not be successful in systems using multiple validators. They also noted that other applications running on the protocol were not affected and that there was no overall system vulnerability.

According to experts, this incident highlights the importance of infrastructure security in the DeFi ecosystem and points to increasingly sophisticated methods being developed by attacker groups.

LayerZero Team Explains the Reason Behind the Rece

WL: Ethereum L2/Sidechain

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure KelpDAO’s $290 million rsETH exploit has moved into a new phase, with LayerZero and Aave now publicl

LayerZero Breaks Silence On $290 Million KelpDAO Crypto Exploit

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XRP has spent the better part of three months locked in a persistent downtrend, falling from a January peak above $2.40 to lows near $1.28 in early April as sell pressure mounted across the broader cr

XRP SuperTrend Flips Bullish For First Time Since January – Is A Rally To $1.90 Next?

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to Claim Blockchain Forum 2026, Moscow Bitcoin Price Prediction: BTC Builds Pressure at $75K as Market Awaits Breakout Bitcoin is app

Bitcoin Price Prediction: BTC Builds Pressure at $75K as Market Awaits Breakout

Bitcoin is approaching a decisive moment as price action tightens near a critical resistance zone. Recent movements show a steady recovery from the $60,000 region, yet conviction remains limited. Traders now watch whether this rebound can evolve into a broader trend reversal.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Kaspa gains steady traction as BlockchainFX draws atte

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On April 20, the Hong Kong Securities and Futures Commission (SFC) announced a new regulatory framework to promote the trading of tokenized investment products recognized by the SFC in the secondary m

Hong Kong SFC Announces New Regulatory Framework for Trading Tokenized Investment Products in Second

On April 20, the Associated Press reported that two Pakistani officials stated on Monday that Iran has expressed its willingness to send a delegation to Islamabad this week for the second round of neg

Iran Agrees to Send Delegation for Second Round of Talks This Week

A new shift is emerging in global trading infrastructure as crypto-backed collateral begins reshaping how forex margin trading operates, creating a more flexible and interconnected financial system. T

A new shift is emerging in global trading infrastructure as crypto-backed collateral begins reshaping how forex margin trading operates, creating a more flexible and interconnected financial system.
Traditionally, forex margin trading relied heavily on fiat deposits held within banking systems, limiting access to market hours, settlement speed, and cross-asset flexibility. Now, an increasing number of trading platforms are allowing digital assets such as Bitcoin, Ethereum, and stablecoins to be used as collateral for leveraged forex positions.
This development is improving capital efficiency for traders. With crypto assets functioning as margin, funds can be deployed more dynamically across multiple markets without waiting for traditional banking settlement cycles. The 24/7 nature of crypto markets also allows traders to adjust collateral positions at any time, increasing operational flexibility.
At the same time, the integration of crypto and forex markets reflects a broader trend of financial convergence. Traders are increasingly managing crypto, fiat currencies, and other asset classes within unified trading environments, supported by multi-asset margin systems.
However, the mechanics of crypto-backed margin trading also introduce additional complexity. Most systems require maintenance margin thresholds, meaning that sharp declines in collateral value can trigger margin calls or forced liquidation. Unlike fiat, crypto collateral is exposed to its own price volatility, creating a dual-risk structure for leveraged positions.
Despite these risks, adoption continues to grow due to several practical advantages. Faster funding, real-time settlement, and cross-asset liquidity management are making crypto collateral attractive to both retail and institutional traders seeking more efficient capital deployment.


Crypto Collateral Is Transforming Forex Margin Tra

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimHTX DAO's First Hackathon Launches!Author: Gu Yu, ChainCatcher Amidst the overall decline of the crypto market, the assets un

Author: Gu Yu, ChainCatcher

Amidst the overall decline of the crypto market, the assets under management (AUM) of almost all crypto VCs are shrinking, and the industry is entering a brutal shakeout cycle. However, against this backdrop, a crypto venture capital fund established less than five years ago stands out as a notable exception, forging an independent growth curve amidst the contraction.

According to a batch of unpublished crypto VC financial disclosure documents obtained by Fortune magazine last week from the U.S. SEC, data shows that the AUM of leading institutions such as Paradigm, Pantera, a16z crypto, and Multicoin all shrank in 2025, with Multicoin shrinking by more than half.

The only one to buck the trend is Haun Ventures, a venture capital fund established only four years ago, whose AUM has grown from an initial $1 billion to $2.5 billion in 2025.


In the dismal crypto market, this is no accident.  Last year, market rumors indicated that Haun Ventures was close to completing a new $1 billion funding round. These developments reflect that Haun Ventures and its founder, Katie Haun, have successfully validated their unique investment strategy through the market and limited partners (LPs), propelling them into the ranks of top-tier VCs.

A Distinctive Founder Style and Background

Haun Ventures' distinctiveness was foreshadowed from the outset.

Founder Katie Haun is not a typical crypto investor. She served as a U.S. federal prosecutor for over a decade, investigating financial crimes and establishing the U.S. government's first cryptocurrency task force. In 2018, she became the first female partner at a16z, co-leading the fund's cryptocurrency fund. She also served on the board of Coinbase, thus possessing policy insight, institutional resources, and practical experience.

This background allows her to understand the crypto industry 

Author: Gu Yu, ChainCatcher Amidst the overall de

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edge soared to 1.3742 USDT, a new high with a 24-hour increase of -3.66%. It currently trades at 1.3018 USDT on HTX.

cfg currently trades at 0.2669 USDT, up 13.91% in 24h, according to HTX market data.

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