In short Lombard Finance is the latest company to move its assets off LayerZero technology in favor of Chainlink. The company conducted …
LayerZero
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Markets
Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge
by shayaanby shayaanThe shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain …
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After initially framing the exploit as a developer configuration failure, LayerZero said it “owns” the decision to let its own verifier secure …
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Solv Protocol has said it’s moving more than $700 million of tokenized bitcoin assets to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and deprecating …
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Smart Contracts
Solv Protocol Will Dump LayerZero, Migrate $700M Tokenized Bitcoin Tech to Chainlink
by shayaanby shayaanIn short Solv Protocol Migrates Over $700 Million in Tokenized Bitcoin Infrastructure from LayerZero to Chainlink CCIP. The move follows the $292 …
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Smart Contracts
Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink
by shayaanby shayaanIn short Kelp says LayerZero approved the scheme related to a $292 million exploit, which LayerZero disputes. The protocol is redesigning its …
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Markets
Kelp claims that LayerZero approved the setup it blamed for $292 million bridge hack
by shayaanby shayaanThe $292M exploit, linked to North Korean hackers, led Kelp to migrate its rsETH off LayerZero’s “OFT” standard to Chainlink’s “CCIP.” www.coindesk.com
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LayerZero is facing heavy criticism for its response to the recent $290 million KelpDAO exploit after the omnichain interoperability protocol blamed Kelp’s …
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Markets
LayerZero blames Kelp's setup for $290 million exploit, attributes it to North Korea's Lazarus
by shayaanby shayaanLayerZero said the attackers compromised two RPC nodes the company’s verifier relied on and DDoS’d the rest, with the attack working only …
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DeFi
River Partners With Stargate Finance To Expand satUSD Stablecoin DeFi Cross-Chain Capabilities, Supported by LayerZero Interoperability
by shayaanby shayaanRiver.Inc, a DeFi protocol that aims to unify liquidity across multiple blockchain networks through its native stablecoin (satUSD), today announced the launch …