Guavy Logo
Back
Guavy AI Editorial Team••Sentiment: -2•Clout: 45

KelpDAO Exploiter Exploits Cross-Chain Vulnerability in DeFi Space

ZROUSDTDAOARBETH

The KelpDAO exploiter has exploited a vulnerability in the DeFi space by bridging Ethereum (ETH) from Ethereum to Arbitrum using Across Protocol. The funds were then swapped for USDT and sent to Tron through LayerZero, highlighting concerns about cross-chain vulnerabilities.

A recent surge in ETH price action is observed, with a bullish trend indicated by the MACD golden cross at 12.41. However, a potential pullback to the EMA50 support level around $2323.38 is predicted before resuming upside.