The cross-chain lending protocol accused LayerZero and its co-founder Brian Pellegrino of failing to disclose weaknesses in their protocol, which led to …
LayerZero
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TL;DR Evercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino. The lawsuit concerns …
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In brief Evercrest Technologies has filed a civil claim against LayerZero, its Canadian arm and co-founder Bryan Pellegrino in the Supreme Court …
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Anchorage Digital, home to America’s first federally regulated crypto bank, has selected LayerZero as its interoperability partner for stablecoin issuance, the company …
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TL;DR Anchorage Digital has selected LayerZero as its interoperability partner for regulated stablecoins issued through its platform. Tether’s USAT is the first …
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Markets
LayerZero unveils trading infrastructure for crypto and tokenized markets, ZRO surges
by shayaanby shayaanThe trading infrastructure runs on LayerZero’s Zero blockchain, backed by Citadel Securities with DTCC and ICE exploring institutional market applications. www.coindesk.com
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ZRO price has finally shown the kind of move that makes traders stop pretending the chart is dead. After months of lower …
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Markets
Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus
by shayaanby shayaanMigrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, …
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DeFi
Turtle strengthens bridge-risk controls after LayerZero exploit – Confidence recovering?
by shayaanby shayaanInstitutional confidence around cross-chain infrastructure weakened sharply after the $292 million LayerZero-linked exploit exposed deeper bridge-security risks. Liquidity allocators also started reassessing …
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DeFi
Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence
by shayaanby shayaanLombard Finance, one of the largest Bitcoin-native liquid staking platforms in DeFi, is moving more than $1B in Bitcoin-backed assets off LayerZero’s …