
Blockchain security firm PeckShield said Specter has reported that LayerZero Executor wallets appear to have been compromised, with about $2.4 million in crypto drained across multiple networks, including Ethereum, BNB Chain, Base, Arbitrum, Avalanche, Optimism, Mantle and Plasma. The attacker reportedly bridged the funds to Ethereum and converted most of the assets into 956 ETH and about $322,000 in USDC. The incident is under investigation, with further updates expected from LayerZero.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
On Tuesday, August 4, the US Court of Appeals for the Second Circuit turned down…
Chainlink's price is back in the spotlight after on-chain data revealed its largest daily exchange…
Bitdeer is making one of its biggest moves beyond Bitcoin mining. The company has signed…
Avalanche keeps adding real-world use cases, yet AVAX refuses to reflect that momentum. The network…
As companies and individual holders move more funds on-chain, public ledger transparency is becoming a…
Ethereum’s staking success may have created a new problem, at least according to the authors…