LayerZero issues public apology for Kelp DAO exploit response, admits fault in single-verifier setup
The Block
LayerZero apologized for its handling of a $292 million exploit, admitting it was wrong to permit a single-verifier setup for high-value transactions.Summary
LayerZero has issued a formal apology regarding its communication following an April exploit that drained $292 million from Kelp DAO. The protocol acknowledged it erred by allowing its Decentralized Verifier Network (DVN) to act as a sole verifier for high-value transactions, contradicting its earlier claims that placed blame on Kelp DAO's configuration. LayerZero is now implementing stricter security measures, including requiring at least three to five verifiers, while addressing separate concerns regarding multisig signer security and the migration of protocols like Kelp DAO and Solv Protocol to competing infrastructure.
(Source：The Block)