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LayerZero

LayerZero's Incident Report Says Kelp Downgraded From 2-of-2 to 1-of-1 DVN Before $292M Exploit

LayerZero's Incident Report Says Kelp Downgraded From 2-of-2 to 1-of-1 DVN Before $292M Exploit

Detailed May 18 post-mortem traces a six-week breach to DPRK group TraderTraitor and locks in a new 3-of-3 DVN protocol default. Kelp says LayerZero approved the configuration and has migrated rsETH bridging to Chainlink.
Kraken Migrates to Chainlink CCIP for Wrapped Bitcoin and Future Wrapped Assets

Kraken Migrates to Chainlink CCIP for Wrapped Bitcoin and Future Wrapped Assets

Kraken is deprecating its existing cross-chain infrastructure and moving exclusively to Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets.
LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack

LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack

LayerZero Labs acknowledged a Lazarus Group attack on internal RPCs and a multisig signer's unauthorized personal trade, impacting 0.36% of assets on the protocol.
Kelp DAO Accuses LayerZero of Deflecting Blame for $300M Bridge Hack

Kelp DAO Accuses LayerZero of Deflecting Blame for $300M Bridge Hack

The liquid restaking protocol argues that the 1-of-1 verifier setup at the center of the April 18 exploit was LayerZero's own documented default.
DeFi United Outlines Technical Path To Make Kelp's rsETH Whole

DeFi United Outlines Technical Path To Make Kelp's rsETH Whole

The coalition has secured ETH commitments to refill the bridge in tranches and will use Aave and Compound governance proposals to liquidate the exploiter's remaining positions.
Aave Models $124M to $230M in Bad Debt From Kelp Exploit

Aave Models $124M to $230M in Bad Debt From Kelp Exploit

In a detailed incident report, Aave service providers quantified the protocol's exposure for the first time and outlined two scenarios depending on how Kelp DAO allocates the loss. LayerZero and Kelp continue to blame each other for the compromised bridge configuration.
LayerZero Goes Live on Institution-Focused Canton as Its First Interop Protocol

LayerZero Goes Live on Institution-Focused Canton as Its First Interop Protocol

The LayerZero integration gives assets tokenized on Canton access to over 165 public blockchains.
Centrifuge x LayerZero cover image

LayerZero, Centrifuge Team Up to Expand Multichain Access for Tokenized Funds

Centrifuge's largest tokenized fund, JTRSY, is among the first of its products to adopt LayerZero.
ZRO Soars 40% After Unveiling Layer 1 Blockchain

ZRO Soars 40% After Unveiling Layer 1 Blockchain

LayerZero announced its Zero blockchain yesterday, built in collaboration with Citadel, ICE, and Google Cloud.
LayerZero launches Zero cover image

Interop Protocol LayerZero Unveils L1 Blockchain Zero

Alongside its permissionless blockchain, the firm also revealed investments from Citadel Securities and ARK Invest.