The $292M KelpDAO Exploit: A Step-by-Step Autopsy
Shoal Signal Ep. 3 with Harry Donnelly, founder of Circuit (@Circuitsecurity). Hosted by @zaddycoin.
We cover the attack anatomy, why LayerZero's DVN architecture made it possible, and how the bad debt cascaded into Aave. We get into Lazarus Group's role and what nation-state attacks on DeFi look like now. And we close on why machine-speed controls matter more than perfect code.
0:00 Intro and background
0:40 What is KelpDAO and rsETH
2:45 LayerZero architecture and DVN design
4:04 The one-of-one DVN vulnerability
6:53 RPC node compromise and attack mechanics
9:48 Aave impact and bad debt cascade
14:18 Loss socialization and precedent setting
18:04 Composability risks and system fragility
22:26 Lazarus Group and fund movement patterns
24:24 What happens next and Circuit's role
28:10 Automated controls and machine-speed detection
The Onchain Underworld: How Solvers, Market Makers, and Routing Algorithms Compete Beneath Every Swap, and Where AI Fits In
Shoal Signal Ep. 1 with @NovaOvchinnik from @BarterDeFi hosted by @zaddycoin
0:00 Intro and Nikita’s background
2:50 Barter origin and core traction
3:55 What is a solver?
6:43 Market makers vs. algorithmic solvers
11:20 Solver landscape and market-maker dominance
15:53 Superposition and self-custodial yield
20:54 AI inside the company and agents onchain
25:00 Where AI helps the algorithm
26:48 Routing as logistics and why true DeFi “hasn’t happened”
31:35 Market sentiment and where the real building is
36:11 Ethereum, L2 specialization, and fragmentation
37:25 Crypto x AI, risk, and long-term conviction
Stunner: Panthers are trading Pro-Bowl RB Christian McCaffrey to the San Francisco 49ers in exchange for draft picks, sources tell ESPN.
McCaffrey returns to the Bay Area, where he attended Stanford.
My team wrote a piece on the Afghanistan situation a few weeks prior to all the current events. Great job @MichaelGPE @mattmcenery27
"Why Withdrawing U.S. Troops from Afghanistan is Historically Bad for Afghan People" by @PolyEconMedia https://t.co/pgjuuxewOs