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LayerZero Labs released a report detailing an attack on the KelpDAO bridge where attackers stole approximately $292 million in rsETH by poisoning the RPC infrastructure of LayerZero's verification network.
Cross-chain protocol LayerZero issued a public apology for its communication handling of a major security incident involving Kelp DAO and admitted its single-verifier setup was a fault.
Chainlink (LINK) network activity surged to an 8-month peak after more than $2 billion in assets migrated from rival LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), signaling a institutional "flight to quality" on-chain.
Bitcoin DeFi platform Solv Protocol is migrating over $700 million in assets from LayerZero to Chainlink's CCIP, joining other protocols concerned about LayerZero's security vulnerabilities and operational practices.
LayerZero (ZRO) current price is $1.14, down 5.73% today.
LayerZero (ZRO) daily trading volume is $102.6M
LayerZero (ZRO) current market cap is $287.8M
LayerZero (ZRO) current circulating supply is 252.3M
LayerZero (ZRO) fully diluted market cap (FDV) is $1.1B
LayerZero (ZRO) is founded by Bryan Pellegrino
