LayerZero multisig keys caught trading McPepes memecoin

Kelp DAO vs LayerZero: The $292 Million Blame War Driving DeFi to Chainlink – CryptoGazette

The $292 million Kelp DAO bridge exploit that rocked decentralized finance in April is now the subject of a public blame war — and the fallout is reshaping how DeFi protocols think about cross-chain infrastructure. At the center of the dispute is a deceptively simple question: who approved the 1-of-1 DVN (Decentralized Verifier Network) setup that made Kelp’s rsETH bridge vulnerable? Kelp DAO says LayerZero personnel signed off on it. LayerZero …

LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack

LayerZero on Thursday issued a public apology for its handling of the April 18 exploit that drained roughly $292 million from Kelp DAO's rsETH bridge, conceding it should not have allowed its own validator to operate as the sole verifier securing high-value transactions. In a blog post which begins... Read the full story at The Defiant

LayerZero Faces New OPSEC Allegations After Multisig Keys Trade McPepes on Uniswap

TL;DR: LayerZero is being accused of operational security failures after its production multisig keys were found executing operations in the McPepes memecoin. Three of the five signers of the Gnosis Safe 2-of-5 carried out transactions on decentralized exchanges, exposing keys that custody billions of dollars. CEO Bryan Pellegrino attributed the operations to former signers already removed and denied they were speculation, though part of the co…

LayerZero multisig keys caught trading McPepes memecoin

LayerZero, a cross-chain messaging platform, is facing new accusations of operations security (OPSEC) failures. According to reports, its production multisig signing keys traded McPepes memecoin on Uniswap.  Per the allegations, which were made public on May 8, 2026, faults were directed to key management techniques used by blockchain infrastructure companies. What happened with LayerZero’s 2-of-5 Gnosis Safe multisig? The accusations center on …