KelpDAO is suing LayerZero and CEO Bryan Pellegrino over the $292 million rsETH exploit, alleging the cross-chain setup and disclosures left a fatal gap in security. LayerZero says Kelp chose the risky 1-of-1 verifier model — and the courtroom will decide who wears the mess.
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Anchorage Digital is making LayerZero the cross-chain backbone for its stablecoins, with USAT first to use the OFT standard across Ethereum, EVM chains, and Solana. It’s a cleaner path for regulated dollar tokens — but also another layer of plumbing that has to actually hold up.
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Cardano’s 2027 ADA outlook is less about hype and more about whether the network actually delivers on scaling, privacy, interoperability, and governance. AI price guesses vary wildly, but the real verdict depends on execution, adoption, and whether Cardano can turn engineering into usage.
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Tether’s USDT0 aims to turn USDT into an omnichain dollar rail, letting the stablecoin move across blockchains through lock-and-mint messaging instead of clunky bridge liquidity. The pitch is cleaner payments and less fragmentation — but the tradeoff is a heavier trust stack hiding behind the “not wrapped” branding.
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The U.S. Senate Banking Committee has moved the CLARITY Act forward, giving crypto regulation a real procedural boost while institutional Bitcoin adoption keeps grinding higher and DeFi projects keep fleeing bridge risk like it owes them money. Meanwhile, BTC and ETH are slipping, because markets are still a nervous wreck even when the fundamentals look […]
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Mubadala’s growing Bitcoin exposure is another sign that serious capital is still buying BTC, even as macro pressure, bridge-security fears, and leveraged nonsense keep crypto markets on the ropes. Abu Dhabi’s Mubadala boosted its Bitcoin exposure through BlackRock’s spot Bitcoin ETF Reported Bitcoin ETF holdings now exceed $565 million Lombard is moving more than $1 […]
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Kraken drops LayerZero for Chainlink CCIP in a wrapped Bitcoin security shift Kraken is phasing out LayerZero and moving its wrapped asset infrastructure to Chainlink CCIP, a move that puts security, compliance, and risk controls ahead of convenience. The exchange says the switch will cover Kraken Wrapped Bitcoin (kBTC) and future wrapped assets, signaling that […]
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Kraken is swapping LayerZero for Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, to secure kBTC and other wrapped assets. It’s a small-sounding infrastructure change with a big message: when Bitcoin moves beyond its native chain, the rails matter as much as the asset itself. Kraken is moving kBTC and other wrapped assets to Chainlink CCIP from […]
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Solv Protocol is moving more than $700 million in tokenized Bitcoin assets from LayerZero to Chainlink CCIP, a loud sign that bridge security is no longer optional for serious DeFi. More than $700 million in tokenized Bitcoin is shifting to Chainlink CCIP SolvBTC and xSolvBTC are the assets being migrated LayerZero support will be phased […]
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A $290 million exploit against KelpDAO’s LayerZero-based bridge has been linked to North Korea’s Lazarus Group, and the knock-on effect reportedly ripped more than $13 billion out of DeFi in just two days. $290 million drained from KelpDAO’s bridge in one hit LayerZero blames Lazarus Group, likely the TraderTraitor unit More than $13 billion erased […]
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