Every Zipp story tagged #LayerZero, newest first.
The milestone matters less for the number than for what it signals: $4.1B in circulation is now moving natively across two dozen chains, not bridged.
The exploit is a KelpDAO incident, but the structural story is the $3B rotating to Chainlink's CCIP as DeFi projects dump LayerZero for cross-chain messaging.
The protocol's code worked; the bridge that delivered 116,500 unbacked rsETH didn't — and Aave's response reframes where DeFi risk actually sits now.
The week's project rundown spans a user-safety upgrade on Ethereum, a new Solana venue, a quiet LayerZero exodus, and Dune's 25% head-count cut — four moving pieces, no single narrative.
The contracts worked exactly as written — the problem was operational. As shared bridge infrastructure concentrates, a single LayerZero-adjacent weakness can cascade across the protocols sitting on…
The capital flight — triggered by April's $292M Kelp DAO exploit — is reshaping the cross-chain bridge market, with Chainlink's CCIP picking up clients and scrutiny that LayerZero once dominated.
Four products including Kraken Bitcoin have already swapped LayerZero cross-chain rails in the wake of the Kelp DAO attack, and a $2.57B combined TVL is the real signal of how much weight is moving.
Three protocols with $2.3B combined just walked — the first measurable TVL migration since LayerZero admitted a Lazarus-linked RPC exploit and a 1/1 DVN misconfiguration.
The $292M Kelp DAO exploit exposed a single-verifier setup LayerZero now admits should never have shipped — and a 3.5-year-old multisig incident the protocol kept quiet until Friday.
After weeks of blaming Kelp DAO, LayerZero took ownership of a 1-of-1 verifier config that turned into a single point of failure — and competitors are already collecting the refugee business.
KelpDAO has migrated its rsETH token bridging infrastructure to Chainlink's Cross-Chain Interoperability Protocol…
If Kelp's Telegram screenshots hold, the $292M loss wasn't Kelp's misconfiguration — it was a verifier design LayerZero reviewed for 2.5 years, then blamed on the victim after Lazarus drained the…
Beyond the headline 10,000 ETH figure, the commitment pairs a 5,000 ETH donation with 5,000 ETH of Aave liquidity support and a GHO liquidity push — a coordinated response to the rsETH incident.
TheBlock
CryptoSlate
CoinDesk
WuBlockchain
CoinTelegraph