LayerZero

Evercrest Technologies, the legal entity behind KelpDAO, has filed a civil claim in British Columbia against LayerZero and co-founder Bryan Pellegrino over the April 18 rsETH bridge exploit that resulted in approximately $292 million in losses. Kelp says the defendants failed to adequately disclose risks in LayerZero’s technology and failed to prevent attackers from compromising infrastructure used to verify cross-chain transactions. The claim also alleges LayerZero had reviewed and approved Kelp’s bridge deployment and configuration in writing before the attack.…

LayerZero has unveiled ATLAS, a high-speed exchange backend designed to handle matching, clearing, settlement and risk within a single stack for crypto-native and institutional markets. Built on LayerZero's Zero blockchain, ATLAS is designed as a headless exchange with no consumer-facing trading app of its own. Exchanges and trading platforms connect their interfaces to the underlying infrastructure while retaining control over distribution and the user experience. ATLAS is initially provisioned for 200,000 transactions per second and recorded median latency below one…

LayerZero is withdrawing its Decentralized Verifier Network and Executor services from Botanix, Canto, Moonriver, Moonbeam and Nexera, removing the offchain infrastructure used to verify and deliver cross-chain messages on those networks. The changes will take effect over the next 30 days. LayerZero told Stargate users to redeem USDC.e, wrapped Ether and Hydra USDT from affected chains before their individual cutoffs. Assets left behind may become inaccessible once the supporting pathways are fully deprecated. Users should complete redemptions through Stargate before…

Correction, July 15, 2026: An earlier version described the wallet movements as a suspected compromise and referred to the transferred assets as stolen funds. LayerZero later confirmed that the transactions were standard inventory operations, no breach occurred and no user funds were at risk. The headline and article have been corrected. LayerZero Rejects Executor Wallet Breach Claims LayerZero classified the $2.1 million in cross-chain wallet movements previously flagged as a possible Executor compromise as standard inventory operations rather than unauthorized…

Funds from the Humanity Protocol and KelpDAO exploits have commingled onchain, creating new evidence that may point to overlap between the attackers behind the two incidents. Onchain investigator ZachXBT flagged the fund commingling and linked it to a Bitcoin transaction that joined value connected to both exploit paths. The movement does not by itself prove that the same attacker carried out both breaches, but it creates a stronger shared-infrastructure signal than the earlier Humanity Protocol evidence alone. The new link…

Virtuals Protocol is moving more than $700 million in VIRTUAL to Chainlink CCIP, making Chainlink’s cross-chain infrastructure the new security layer for one of crypto’s largest AI-agent ecosystems. The migration follows an extensive security review after the $292 million KelpDAO exploit, which pushed several protocols to rethink bridge and messaging assumptions. Virtuals framed the move around a clear standard for AI-agent infrastructure: “99% security is not enough.” The shift gives VIRTUAL a new cross-chain path through Chainlink CCIP, with the…

A large vsdCRV transaction on Arbitrum has raised fresh concern around cross-chain token accounting, bridge execution and DeFi supply controls at a time when exploit pressure is already elevated across the market. The confirmed Arbitrum transaction involved a LayerZero v2 Executor call and delivered 5,446,744,073,709.551615 vsdCRV to address 0xeF3C054d8F7eD0a7D61c8da56ff55F090577aa25 on May 27 at 09:17:58 UTC. The size of the mint makes it impossible to treat as routine user activity without further clarification from the teams involved. vsdCRV is connected to…

Lombard is moving more than $1 billion in Bitcoin-backed assets from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, marking one of the largest infrastructure shifts since the KelpDAO bridge exploit. The change affects Lombard’s core Bitcoin assets, including LBTC and BTC.b, and puts Chainlink CCIP at the center of the project’s cross-chain stack. The migration follows a security review of the cross-chain infrastructure behind LBTC and BTC.b. Lombard plans to replace LayerZero with Chainlink CCIP across major routes and fully phase…

Ondo Finance has expanded its tokenized stocks and ETFs to Hyperliquid’s HyperEVM through LayerZero, bringing onchain equity exposure closer to one of crypto’s most active perpetual trading ecosystems. The integration allows Ondo tokenized assets to be bridged from Ethereum and BNB Chain to HyperEVM through Ondo Bridge, powered by LayerZero. Ondo said spot positions in tokenized stocks can now unlock more advanced strategies for Hyperliquid traders, including basis trades and delta-neutral hedging on applicable markets. That is the important market…