Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
LayerZero executor wallets exploited for $2.4M across multiple chains

LayerZero executor wallets exploited for $2.4M across multiple chains

CryptobriefingCryptobriefing2026/07/15 10:54
By:Cryptobriefing

Executor wallets in LayerZero’s architecture are the components responsible for actually delivering messages between chains. They pick up a package on one chain and drop it off on another.

In April 2026, KelpDAO suffered a major breach linked to LayerZero infrastructure, in which approximately 116,500 rsETH, worth around $292 million at the time, was drained after attackers forged a cross-chain message by compromising a single-signer DVN role.

Advertisement
window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "de1434f5-fa9e-44a6-93c3-4c2439763717"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences);

That attack was attributed to North Korea’s Lazarus Group. The KelpDAO breach also revealed a systemic configuration problem: nearly half of all LayerZero applications were still operating with what security researchers called a “1-of-1” DVN setup. That means one compromised verifier is all it takes to forge a valid message.

The KelpDAO incident triggered calls across the ecosystem for applications built on LayerZero to migrate toward multi-signer DVN configurations, which require more than one independent verifier to approve a message before it can be executed.

LayerZero’s architectural approach emphasizes configurability over a single canonical security model, giving applications control over their own risk parameters. The tradeoff is that misconfigured or under-secured applications become the weakest links.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

From "chasing the light" to "going upstream toward the light"! Morgan Stanley asserts: In the tsunami of computing power, fiberglass fabric and copper foil ignite a super cycle in materials.

Morgan Stanley's latest research report points out that the global frenzy of AI infrastructure expansion is shifting from downstream GPU and wafer foundry to a comprehensive upstream spread in critical base material sectors.

智通财经2026/09/14 04:31
From "chasing the light" to "going upstream toward the light"! Morgan Stanley asserts: In the tsunami of computing power, fiberglass fabric and copper foil ignite a super cycle in materials.

As "AI slowdown" impacts the semiconductor sector, Goldman Sachs issues a bullish report! Target prices for the "Korean memory chip giants" indicate nearly 90% upside potential.

Goldman Sachs reaffirmed its “Buy” rating for the world’s two largest memory chip giants — Samsung Electronics and SK Hynix. Samsung Electronics continues to be on Goldman Sachs’ Conviction List.

智通财经2026/09/14 04:26
As "AI slowdown" impacts the semiconductor sector, Goldman Sachs issues a bullish report! Target prices for the "Korean memory chip giants" indicate nearly 90% upside potential.

Anthropic has been profitable for two consecutive quarters ahead of its IPO

Anthropic has achieved positive adjusted operating profit for two consecutive quarters, with Q2 revenue surging 14-fold year-on-year to $11.5 billion and annualized revenue reaching $65 billion. The gross margin exceeds 80%. The company has chosen to list on Nasdaq, with a potential valuation of up to $2 trillion. Dramatically, the CEO has made a rare call to slow down AI development just before the IPO. Analysts believe that balancing safety concerns with commercial competition will become the core challenge.

华尔街见闻2026/09/14 03:47