Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack

AI Briefing

• – LayerZero blamed KelpDAO for the $290M exploit, despite a crypto community criticizing the protocol for placing all responsibility on Kelp's single-DVN setup. LayerZero's proposed solution to prevent similar attacks is to migrate applications to multi-DVN setups, but experts argue that multi-verifiers won't stop the next multi-million-dollar attack. The protocol's 'M-of-N secured' marketing claim is called into question as experts highlight the need for verifiers to attest to their own substrate, not just chain state.