exploit
KelpDAO sues LayerZero over $292M rsETH exploit
KelpDAO has sued LayerZero and CEO Bryan Pellegrino over April’s $292M rsETH exploit, alleging security and disclosure failures.
LayerZero
bank
LayerZero backs regulated stablecoins for bank adoption
LayerZero says regulated stablecoins are key to institutional adoption after Anchorage selected its OFT standard for cross-chain issuance.
LayerZero
Anchorage Digital taps LayerZero for stablecoin rails
Anchorage Digital selected LayerZero for stablecoin interoperability, starting with Tether’s USAT and extending to other bank-issued tokens.
LayerZero
South Korea’s KRW1 stablecoin taps LayerZero for cross-chain expansion
BDACS has selected LayerZero’s Omnichain Fungible Token standard for its KRW1 stablecoin, giving the won-backed asset a unified cross-chain system as the company seeks to expand…
Exchange
LayerZero launches ATLAS exchange infrastructure as ZRO jumps 16%
LayerZero has unveiled ATLAS, an exchange infrastructure layer built on its Zero blockchain for crypto trading platforms and financial institutions, while ZRO has climbed more than…
Feature
The Sandbox’s $49 billion phantom mint: how a bridge exploit created unbacked SAND tokens
An attacker weaponized a single ERC-20 function to hijack LayerZero delegate permissions and mint 329 trillion unbacked SAND on Base, yet the actual reserve drain totaled…
Chainlink
The $15 billion exodus: why the entire crypto industry is leaving LayerZero for Chainlink
The Kelp DAO bridge exploit did not just steal $292 million. It triggered the largest infrastructure migration in DeFi history, and the math shows LayerZero may…
Chainlink
Nethermind leaves LayerZero verifier role for Chainlink
Nethermind has ended its LayerZero verifier role and moved its cross-chain operations to Chainlink after reviewing the two infrastructure providers. Nethermind said Wednesday that it had…