North Korea linked to $292 million DeFi hack, centralization risk exposed

A recent hacking incident has left the DeFi community reeling after $292 million was stolen from two protocols: Kelp and Layer Zero. While the exact details of the hack are still unclear, experts suggest that it was a result of a centralization risk hidden behind a trustless setup.

Kelp, which is one of the protocols affected by the hack, has been criticized for its use of a 1-of-1 verifier configuration. This setup, while designed to provide trustlessness and security, has been identified as a potential vulnerability in certain DeFi configurations.