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LayerZero Confirms $2.4M Executor Wallet Transfers Were Routine Rebalancing, Not Hack

Covered by 2 sources · 2 articles

2 outlets - including Defi-planet and Livebitcoinnews - are covering this story. LayerZero has confirmed that roughly $2.4 million moved from its Executor wallets across multiple blockchains was part of routine operational rebalancing, putting to rest concerns that the protocol had suffered a security breach. The transf…

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LayerZero Confirms $2.4M Executor Wallet Transfers Were Routine Rebalancing, Not Hack
DeFi Planet Jul 15, 15:44 UTC

LayerZero Confirms $2.4M Executor Wallet Transfers Were Routine Rebalancing, Not Hack

LayerZero has confirmed that roughly $2.4 million moved from its Executor wallets across multiple blockchains was part of routine operational rebalancing, putting to rest concerns that the protocol had suffered a security breach. The transf…

Live Bitcoin News Jul 15, 15:15 UTC

LayerZero Executor Wallet Hack Claim Over $2.4M Across 8 Blockchains Called False Alarm

LayerZero says $2.4M Executor wallet hack claim was false alarm; transfers were internal rebalancing, no user funds at risk today. LayerZero faced market concern after an alert claimed its Executor wallets were compromised across eight bloc…