LayerZero Labs Addresses KelpDAO Hack Incident
- Hack Impact: On April 19, 2026, the Lazarus Group attacked LayerZero Labs' internal RPC nodes, leading the company to acknowledge past multisig misuse; while the LayerZero protocol remained unaffected, the incident severely disrupted internal operations and damaged the company's reputation.
- Asset Loss Overview: The attack affected only 0.14% of LayerZero applications but resulted in a $300 million rsETH exploit, directly impacting KelpDAO's operations and prompting multiple partners to reconsider their integrations, potentially leading to decreased transaction volumes.
- Security Measures Upgrade: LayerZero Labs pledged to raise the multisig threshold to 7/10 and advised developers to implement stricter security measures, such as avoiding default settings and increasing block confirmations, demonstrating the company's commitment to enhancing security protocols.
- Market Reaction and Future Outlook: Despite LayerZero Labs' commitment to contribute 5,000 ETH to the DeFi United rescue plan to restore liquidity, partners like KelpDAO and Solv Protocol have migrated to Chainlink, reflecting a decline in market trust towards LayerZero, posing challenges for future business development.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOLV
Technical Sentiment Analysis for Solv Protocol (SOLV). As of , Solv Protocol (SOLV) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOLV stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOLV is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solv Protocol (SOLV) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00347 | 0.00373 | 0.00393 | 0.00419 | 0.00439 | 0.00465 | 0.00485 |
| Fibonacci | 0.00373 | 0.0039 | 0.00401 | 0.00419 | 0.00436 | 0.00447 | 0.00465 |
About SOLV
About the author
