Kelp DAO alleges that LayerZero personnel approved the 1-of-1 verifier setup responsible for a $292 million rsETH bridge hack linked to North Korean hackers, contradicting LayerZero's claim that Kelp misconfigured the setup. Data shows nearly half of LayerZero's active contracts used this risky setup, which LayerZero banned after the hack. The exploit led Kelp to migrate its rsETH from LayerZero's OFT standard to Chainlink's Cross-Chain Interoperability Protocol for better security. The hack exposed significant vulnerabilities in LayerZero's verifier network, raising concerns about its monitoring and security practices.
Ethereum has reportedly maintained a decade without any oracle hacks, highlighting its strong core security. However, the broader decentralized finance (DeFi) ecosystem continues to face oracle-related vulnerabilities and exploits, which target gaps ...
A cryptocurrency expert recommends allocating $1,000 across five digital assets and a stablecoin buffer to balance security and growth potential. The portfolio assigns 40% to Bitcoin and 25% to Ethereum, reflecting their market dominance and institut...
Mantle, a Layer 2 blockchain network, has officially migrated its Super Portal infrastructure from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This upgrade aims to enhance cross-chain communication and interoperability, pot...
Cryptocurrency markets display varied price changes, with Bitcoin trading near $62,833, up 0.99%, and Ethereum around $1,744, up 0.24%. Other notable coins like Binance Coin and Avalanche also show modest gains, while some altcoins experience slight ...
Mantle is migrating its Super Portal, developed with Bybit, from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security and gain direct control over its cross-chain token infrastructure. This move follows a major De...
