LayerZero renders 'overdue apology' after Lazarus Group attack

LayerZero Apologizes After $292 Million Kelp DAO Exploit and Security Backlash

What Did LayerZero Admit About the Kelp DAO Exploit? LayerZero issued a public apology Friday over its handling of the April 18 exploit that drained roughly $292 million in rsETH from Kelp DAO’s cross-chain bridge, reversing the tone of its earlier statements that said the protocol had “functioned exactly as intended.” “We've done a terrible job on comms over the past three weeks,” the company wrote in a blog post cross-posted to X. “We wanted t…

LayerZero Issues Public Apology For Kelp DAO Exploit Response, Admits Fault In Single-Verifier Setup

NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News By Davis Washington LayerZero Labs has issued a formal public apology regarding its handling of a recent security incident involving Kelp DAO, admitting that a single-verifier configuration left the protocol vulnerable. The cross-chain messaging protocol acknowledged that its initial response to the exploit was flaw…

LayerZero renders 'overdue apology' after Lazarus Group attack

LayerZero Labs released an open letter explaining its failures in communication and operations following the KelpDAO hack by the Lazarus Group. The cyberattack did not affect LayerZero Labs’ protocol but did affect its internal systems, leading the firm to acknowledge mistakes in previous operations.  LayerZero Labs released its apology letter on May 8, 2026.  LayerZero admits to past multisig misuse  Around April 19, 2026, the Lazarus Group att…