KelpDAO mentioned LayerZero infrastructure was exploited in an April 18 bridge assault that drained about US$292 million. Chainalysis mentioned attackers linked to Lazarus Group launched 116,500 rsETH by feeding false knowledge to a 1-of-1 verifier setup. KelpDAO plans to maneuver rsETH to Chainlink CCIP, the place cross-chain transactions use 16Continue Reading
Tether Investments has acquired a strategic stake in LayerZero Labs to advance cross-chain infrastructure and help its omnichain stablecoin, USDt0. Constructed on the OFT normal, USDt0 permits USDT to maneuver throughout a number of blockchains like Kraken’s Ink and Berachain with out fragmented liquidity or conventional bridge dangers. Tether CEOContinue Reading
The LayerZero Foundation has proposed a US$110 million acquisition of Stargate Bridge which would see the bridge’s STG token discontinued and its DAO dissolved entirely. If passed by a vote of STG token holders, the deal would see governance of Stargate Bridge moved into the hands of the LayerZero Foundation,Continue Reading
