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1 related posts from @LayerZero_Core
An alleged exploit of LayerZero Executor wallets resulted in approximately $2.4 million stolen across multiple chains. LayerZero responded that the withdrawals were part of standard inventory operations and no funds are at risk.
Multiple security monitors flagged unusual activity on LayerZero Executor wallets, with funds bridged to Ethereum. LayerZero's official statement contradicts the exploit claims, leading to uncertainty.
LayerZero claims no funds are at risk, but the incident remains under investigation.
LayerZeroThe universal cross-chain messaging layerLayerZero is an omnichain interoperability protocol that enables secure, trustless message passing across different blockchains. It uses a novel oracle and relayer architecture to verify and deliver cross-chain transactions without relying on a centralized intermediary or wrapping assets. The protocol is designed to be lightweight, permissionless, and composable, allowing developers to build cross-chain applications such as bridges, DEXs, and lending platforms.
1 related posts from @LayerZero_Core
1 related posts from @LayerZero_Core
1 related posts from @coinbureau
1 related posts from @LayerZero_Core
Coin Bureau reports an alleged exploit of LayerZero Executor wallets for $2.4 million across multiple chains.
1 related posts from @crypto_banter