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KelpDAO Massive Losses and ZRO Crash: LayerZero Bridge Vulnerability Sparks Chain Reaction!
KelpDAO Loses Nearly $294 Million: Due to a LayerZero bridge vulnerability, KelpDAO suffered significant losses, with nearly $294 million worth of assets stolen, causing its financial situation to become unstable.
ZRO Price Plummets: From $2 to $1.4:
Under the impact of the vulnerability incident, the ZRO token price experienced a sharp decline, dropping rapidly from $2 to $1.4, triggering market panic.
HyperLiquid Whale Liquidation:
Whales holding large ZRO long positions faced partial liquidation during this plunge, incurring losses of approximately $2.88 million.
Despite this, the whale remained committed to its holdings, demonstrating ongoing market confidence in ZRO's future potential.