Community Articles

via The Block · By The Block Editorial

LayerZero issues public apology for Kelp DAO exploit response, admits fault in single-verifier setup

ZRO

ZRO/USDT

$1.10
+3.29%
24h Volume

$41,591,592.05

24h H/L

$1.123 / $1.039

Change: $0.0840 (8.08%)

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data
ZRO
ZRO
Daily

$1.092

2.92%

Volume (24h): -

Resistance Levels
Resistance 3$1.3086
Resistance 2$1.2255
Resistance 1$1.1487
Price$1.092
Support 1$1.07
Support 2$0.9719
Support 3$0.8371
Pivot (PP):$1.0593
Trend:Sideways
RSI (14):57.1
TB
The Block Editorial
(04:35 PM UTC)
1 min read
JM
Verified byJames Mitchell

LayerZero issued a public apology Friday for its handling of the fallout from the April 18 exploit that drained roughly $292 million in rsETH from Kelp DAO's cross-chain bridge, marking a notable tonal shift from its earlier post-mortem that characterized the protocol as having "functioned exactly as intended."

"We've done a terrible job on comms over the past three weeks," LayerZero wrote in…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

The Block Editorial · The Block

Read original →

Comments
Comments