LayerZero
LayerZero has acknowledged it made a mistake by allowing its own verifier network to secure high-value assets in a vulnerable setup. The admission comes weeks after a $292 million hack on Kelp DAO that the company had initially blamed on the developer. The firm says its core protocol remained unaffected.
Reported by AI
Solv Protocol is shifting more than $700 million in tokenized Bitcoin from LayerZero to Chainlink's CCIP. The move follows Kelp DAO's similar decision after a major exploit.
May 05, 2026 16:27