#LayerZeroCEOAdmitsProtocolFlaws
LayerZero CEO Admits Protocol Failures After $292M Hack — But Kelp DAO Says "You Approved the Setup You're Now Blaming"
For weeks, LayerZero pointed the finger at Kelp DAO for the $292 million exploit that shook DeFi. "They used a 1-of-1 verifier configuration — we warned against it." That was the narrative. But now, LayerZero's CEO Bryan Pellegrino has publicly acknowledged protocol-level shortcomings, pledging a security overhaul. And Kelp DAO just dropped evidence that could flip the entire blame game on its head.
Let me unpack why this matters for every c

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Yunna:

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LittleQueen

1h ago

#LayerZeroCEOAdmitsProtocolFlaws
#LayerZeroSecurityCrisis 🚨 | $292M Hack Exposes a DeFi Weak Point
The cross-chain narrative just took a serious hit.
April–May 2026 revealed something deeper than a single exploit — it exposed a structural weakness in how DeFi handles security.
🔴 1. CEO Warning: “This Should Never Have Been Public”
LayerZero CEO Bryan Pellegrino flagged a critical issue in Across Protocol’s token contract:
A sensitive function was left public
Contract owner could drain any wallet
Unlimited minting rights existed in both Across & UMA contracts
This isn’t just a bug — it’s a d

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MasterChuTheOldDemonMasterChu:

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HighAmbition

1h ago

#LayerZeroCEOAdmitsProtocolFlaws
The Kelp DAO exploit (April 18, 2026) is one of the largest DeFi hacks of the year, where attackers linked to North Korea’s Lazarus Group drained around $290M in ETH by exploiting LayerZero V2 bridge infrastructure.
Core Incident
The attack targeted a major weakness in the 1-of-1 verifier setup, meaning a single validation point secured billions in TVL. Once compromised, attackers minted fake assets and drained real liquidity.
This incident contributed to $651M total crypto losses in April 2026 across 29 hacks, making it the worst month for DeFi security on re

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GateUser-68291371:

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Yusfirah

2h ago

#GateSquareMayTradingShare
#LayerZeroCEOAdmitsProtocolFlaws
LayerZero’s security controversy has become one of the biggest DeFi discussions of May 2026 because it highlights a problem the market keeps ignoring: cross-chain infrastructure risk. Over the past weeks, two major incidents pushed LayerZero into the center of attention. First, CEO Bryan Pellegrino publicly pointed out a serious token contract vulnerability connected to Across Protocol. Second, KelpDAO suffered a massive $292 million exploit involving LayerZero bridge infrastructure. Together, these events created a bigger conversat

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MasterChuTheOldDemonMasterChu:

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MrFlower_XingChen

2h ago

#LayerZeroCEOAdmitsProtocolFlaws
Recent discussions surrounding LayerZero have drawn significant attention after reports and statements suggesting that leadership has acknowledged certain structural and protocol-level limitations within the system. In the rapidly evolving landscape of cross-chain infrastructure, such acknowledgments highlight the complexity and ongoing challenges involved in building secure and fully decentralized communication layers between blockchains.
LayerZero, like many interoperability protocols, operates in an environment where security, speed, and decentralization mu

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LittleQueen:

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speakjustly

03-16 20:14

$HBAR USDT0 is now live on Hedera, connecting the network to a major omnichain stablecoin liquidity layer.
Built on LayerZero Labs’ OFT standard, it enables USDT to move across supported blockchains without wrapped assets or third-party bridges.
#Hedera #USDT #LayerZero #Stablecoin

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SmartContractAuditor

02-10 14:06

LayerZero Labs receives strategic investment from Tether

Odaily Planet Daily reports that stablecoin issuer Tether has announced a strategic investment in LayerZero Labs. The specific amount has not been disclosed. LayerZero Labs is one of the creators of the current market's bridging frameworks, providing underlying technology that enables digital assets to be transferred securely and efficiently across blockchains.

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ZkProver

02-10 14:16

Tether invests in LayerZero Labs to promote blockchain interoperability infrastructure

Tether Investments announced a strategic investment in LayerZero Labs to support the development of its cross-chain technology. LayerZero Labs's technology has successfully enabled cross-chain transfers of assets such as USDt0 and XAUt0, demonstrating strong interoperability, especially with significant applications in micro-payments within the AI agent economy.

The abstract is generated by AI

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GateUser-c3b832ee

02-10 14:12

Tether announces a strategic investment in cross-chain interoperability protocol developer LayerZero Labs to support its cross-chain infrastructure development. Tether stated that the all-chain fungible token USDt0 built on LayerZero has facilitated over $70 billion in cross-chain value transfers in less than 12 months since its launch. Tether CEO Paolo Ardoino said that LayerZero's interoperability technology provides a key foundational capability for real-time transfer of digital assets across different blockchains.

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ChainCatcher链捕手

02-10 14:06

Tether Invests in LayerZero Labs to Promote Blockchain Interoperability Infrastructure
According to official sources, Tether Investments announced a strategic investment in LayerZero Labs. LayerZero Labs is the developer of an interoperability protocol, whose technology is widely used to support cross-chain value transfer in the global digital asset ecosystem. The investment aims to support LayerZero Labs in developing efficient and secure cross-chain technology.
LayerZero Labs' technology has been used to support cross-chain transfers of assets such as USDt0 and XAUt0. Since its launch, USDt0

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