Ethereum Bridge Exploit KelpDAO Sues LayerZero
Evercrest Technologies sues LayerZero entities over a $292M rsETH bridge exploit, alleging negligence and misrepresentation. Case filed in British Columbia’s Supreme Court. #Breaking #Legal
LayerZero
Ethereum Powers USAT Stablecoin Cross-Chain
Anchorage Digital partners with LayerZero for cross-chain stablecoin interoperability, launching Tether’s USAT as the first token using the OFT standard. #Update #Stablecoin
Chainlink Surges as $3B KelpDAO Exploit Winner
@Chainlink sees a migration of over $3 billion in total value locked to its Cross-Chain Interoperability Protocol (CCIP) post-KelpDAO’s $292 million exploit, as DeFi protocols seek enhanced security. #Update #Crypto $LINK
Ethereum Recovers rsETH After LayerZero Flaw
@LayerZero acknowledges a security oversight after the KelpDAO breach, prompting an infrastructure overhaul. Aave reports recovery progress for stolen rsETH funds. #Update #DeFi $AAVE
LayerZero Criticized: $290M Hack Looms
LayerZero faces backlash for blaming KelpDAO’s verifier setup after a $290M exploit, with critics questioning accountability and system design. #Breaking #Crypto
Solana Integration Surges Price to $500
Solana’s cryptic post referencing $XRP sparks speculation of potential integration, driving community debates on liquidity shifts and price impacts. No official confirmation yet. #Update #Crypto $SOL
Cardano Deal Unlocks $80 Billion Omnichain Potential
@Cardano_CF integrates with LayerZero, unlocking access to over 400 tokens and $80 billion in assets, enhancing interoperability for its DeFi ecosystem. #Update #Crypto $ADA
LayerZero Launches Zero Blockchain with Citadel Support
@LayerZero Labs launched the Zero blockchain for institutional markets, backed by investments from @Citadel Securities and @ARKInvest. The architecture aims for 2M transactions per second. #Update #Crypto $ZRO
Tether Invests in LayerZero Labs for Cross-Chain Tech
Tether Investments has invested in LayerZero Labs to enhance cross-chain technology, supporting USDt0’s $70B movement across blockchains. LayerZero’s ZRO token initially rose 10% but is now down 3%. #Update #Crypto $ZRO
PayPal Launches $1.3B Stablecoin on 9 Blockchains
@PayPal’s U.S. dollar stablecoin, PYUSD, expands to nine new blockchains via LayerZero integration, increasing its supply to $1.3B. #Update #Crypto $PYUSD
Interoperability Protocol Soars After a16z Acquisition
@a16z invests $55M in LayerZero’s $ZRO, boosting its price by 2.5% as it becomes GMX’s messaging provider and integrates with XDC Network. #Update #Crypto $ZRO (+6) ↗
LayerZero Resolves $21M FTX Dispute
Hodl.Press: @LayerZeroLabs settles $21M dispute with FTX, addressing creditor issues and minimizing legal costs after failed STG token repurchase from Alameda Ventures. #Update #Legal (+3) →