
Ethereum Needs Validity Proofs to Stay Competitive
Ethereum Foundation developer and researcher Barnabé Monnot indicates that the latest crypto hacks highlight a larger goal for Ethereum as well as many crypto assets. 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…







