Kelp Security Crisis Escalates: Cross-Chain Vulnerability Triggers rsETH Loss, Staking Platforms Face Massive Bad Debt Risk

SlowMist founder Yu Xian analyzes the theft of 116,500 rsETH from Kelp, highlighting critical vulnerabilities in its single-signature LayerZero cross-chain configuration, suspected to be compromised via social engineering. The stolen assets have been dispersed, placing immense pressure on staking platforms like Aave, potentially leading to massive bad debt. The incident underscores severe challenges in cross-chain security and platform risk management.

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Iranian General Visits Iraq Amid Regional Tensions, Seeking Stability Amid US-Iran Talks

Iranian General Ismail Qaani, commander of the Islamic Revolutionary Guard Corps, has visited Baghdad to discuss regional conflict mitigation with Iraqi factions. This trip occurs during sensitive US-Iran negotiations, aiming to coordinate pro-Iran groups in Iraq and potentially address political deadlock over the new prime minister. The visit underscores Iran's efforts to stabilize the Middle East amid heightened tensions.

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Iran Stands Firm: No Uranium Transfer to US, Nuclear Talks at Impasse

Iran's Deputy Foreign Minister Seyed Abbas Araghchi declared that Iran will never hand over its enriched uranium to the United States. He rejected US statements and stated that Iran is not ready for new face-to-face talks due to Washington's 'maximum pressure' stance, emphasizing dialogue must be based on realistic terms.

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