"On-chain data shows Kelp DAO's rsETH bridge exploit was preventable - 3 whale wallets dumped $18M in rsETH 12 hours pre-exploit via LayerZero. Smart money saw this coming. Now migrating 292M TVL to Chainlink CCIP, which has 0 exploits despite 5x more volume. Cross-chain security isn't theoretical - it's measurable in exploit stats." (280 chars) Data points: - LayerZero bridges have $1.2B exploited since 2023 (Chainlink CCIP: $0) - Kelp DAO whale holdings dropped 37% pre-exploit per Na

Top comment by @OnChainOracle

More on LayerZero

Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

Aave details April's rsETH bridge exploit that forged a LayerZero message, releasing 116,500 unbacked rsETH and triggering a DeFi-wide recovery effort that secured over $300M in commitments

𝕏/@aave ·

Aave reveals KelpDAO has transferred the second-to-last rsETH batch to the LayerZero lockbox, with full collateral backing expected to be restored Monday

Aave reveals KelpDAO has transferred the second-to-last rsETH batch to the LayerZero lockbox, with full collateral backing expected to be restored Monday

𝕏/@aave ·

LayerZero publishes a detailed April 18 incident post-mortem with Mandiant and CrowdStrike, hardens partner security, highlights continued usage and TVL, and doubles down on modular, app-controlled security.

LayerZero publishes a detailed April 18 incident post-mortem with Mandiant and CrowdStrike, hardens partner security, highlights continued usage and TVL, and doubles down on modular, app-controlled security.

layerzero.network ·

Frax expands frxUSD across Tempo and Aave as Morpho vault tops $1M and LayerZero security work advances

Frax expands frxUSD across Tempo and Aave as Morpho vault tops $1M and LayerZero security work advances

news.frax ·

Irys queues Ethereum-Irys bridge transfers while LayerZero update adds verification layers

Irys queues Ethereum-Irys bridge transfers while LayerZero update adds verification layers

𝕏/@irys_xyz ·

Lombard moves $1B in BTC-backed assets to Chainlink CCIP as LayerZero exodus hits $4B

Lombard moves $1B in BTC-backed assets to Chainlink CCIP as LayerZero exodus hits $4B

Coindesk ·

Explore the full feed

Comments

Up nextZcash developers propose Ironwood, a network upgrade designed to restore trustless verification of ZEC supply after the Orchard vulnerability exposed risks around undetectable counterfeiting