Tag: LayerZero

  • LayerZero Hack Apology Follows $292M Crypto Exploit

    LayerZero Hack Apology Follows $292M Crypto Exploit

    The LayerZero hack apology followed the massive $292 million Kelp DAO exploit that shook the crypto industry and triggered renewed concerns about cross-chain bridge security. LayerZero Labs admitted mistakes in communication and security configuration decisions after the incident damaged confidence across parts of the ecosystem. The exploit targeted infrastructure connected to Kelp DAO’s rsETH system,…