LayerZero Ka Bada Kand: $292 Million Hack Mein Maani Galti, Clients Chhod Ke Bhaage!

CRYPTO
Whalesbook Logo
AuthorVihaan Mehta|Published at:
LayerZero Ka Bada Kand: $292 Million Hack Mein Maani Galti, Clients Chhod Ke Bhaage!
Overview

Yaar, LayerZero ne finally maan liya hai ki $292 million wale Kelp DAO exploit mein unke systems ka bada haath tha. Pehle toh deny kar rahe the, par ab sach saamne aa gaya hai. Is wajah se bade clients jaise Kelp DAO aur Solv Protocol ab rivals, matlab Chainlink ke CCIP par shift ho rahe hain. LayerZero ki reputation ko kaafi damage hua hai.

Instant Stock Alerts on WhatsApp

Used by 10,000+ active investors

1

Add Stocks

Select the stocks you want to track in real time.

2

Get Alerts on WhatsApp

Receive instant updates directly to WhatsApp.

  • Quarterly Results
  • Concall Announcements
  • New Orders & Big Deals
  • Capex Announcements
  • Bulk Deals
  • And much more

Ab dekho bhaiyo aur behno, LayerZero ne finally maan liya hai ki jo $292 million ka Kelp DAO exploit hua tha, usmein unke khud ke systems ka kaafi bada haath tha. Pehle toh ye company keh rahi thi ki sab Kelp protocol ki galti hai, par ab unhone accept kar liya hai ki unki 1-of-1 Decentralized Verifier Network (DVN) configuration mein gadbad thi, jise unhone khud approve kiya tha. Bas yahi wajeh bani ki unke internal RPC nodes compromise ho gaye aur bade funds chori ho gaye. Ye incident North Korea ke Lazarus Group se bhi joda ja raha hai aur 2026 ke sabse bade DeFi exploits mein se ek bana hai.

Is admission ka sabse bada side effect yeh hua ki clients ka bharosa hi toot gaya. Direct victim, Kelp DAO, ne toh publicly announce kar diya hai ki woh apni cross-chain infrastructure Chainlink ke Cross-Chain Interoperability Protocol (CCIP) par shift kar rahe hain. Aur ye akela nahi hai; Solv Protocol, jo $700 million se zyada tokenized Bitcoin manage karta hai, woh bhi LayerZero ka bridging technology chhod kar Chainlink CCIP pe ja raha hai. Ye dono Chainlink ke CCIP pe ja rahe hain kyunki uska verification model zyada robust hai, 1-of-1 DVN jaise nahi.

Ye admission sirf ek apology nahi, balki ek critical confession hai ki LayerZero ke systems mein fundamental problems hain. Woh pehle jo keh rahe the ki protocol 'exactly as intended' kaam kar raha tha, woh ab sach nahi lagta. Aur ek aur badi baat yeh hai ki 1-of-1 DVN configuration, jise ab LayerZero ne khud ban kar diya hai, yeh dikhata hai ki woh potentially flawed setups ko bhi allow kar rahe the, bhale hi woh Kelp ke liye unique na ho. Ye exploit smart contract audits ke scope se bahar, off-chain infrastructure aur RPC nodes ko target kar raha tha, jo ek naya threat hai jise shayad LayerZero ki security cover nahi karti.

Market ka reaction bhi abhi kaafi muted hai. LayerZero ka ZRO token price mein thoda upar-neeche ho raha hai, par market cap abhi bhi $470 million ke aas-paas hai, jo iske all-time high se kaafi kam hai. Trading volumes bhi $45 million ke around hain aur price $1.45 ke aas-paas chal raha hai. Investors abhi bhi future risks ko lekar cautious hain. Overall, DeFi space mein 2026 mein ab tak $770 million se zyada ka nuksaan exploits mein ho chuka hai, jismein sirf April mein $600 million gayab hue. LayerZero ke liye user trust wapas jeetna ek bahut badi chunauti hogi. Kuch log keh rahe hain ki 2031 tak ZRO ka price $1.87 tak jaa sakta hai, par yeh sab tabhi hoga jab LayerZero apni security ko double-check kare aur market ko prove kare ki woh ab reliable hain, jabki sab log aise breaches se dar rahe hain.

Get stock alerts instantly on WhatsApp

Quarterly results, bulk deals, concall updates and major announcements delivered in real time.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.