
sekuba
58 posts

sekuba
@sekubalias
resident dj at l2beatz












NEW: Leading crypto exchange @krakenfx is deprecating its legacy cross-chain provider and migrates to Chainlink CCIP. Starting with kBTC, all current and future Kraken Wrapped Assets will use CCIP for secure distribution across blockchains and global markets.






what @LayerZero_Core means by "better money technology" and what they did in the 4 years they spent "reinventing how value moves": add third party intermediaries everywhere that can rug billions of $$ at any moment. 97.25% of crosschain packets are validated by 1/1 or 2/2 msigs.






Introducing data confidentiality to OP Succinct. Institutions can now keep transactions confidential on self-hosted infrastructure while settling to Ethereum for security and global liquidity. @0xPolygon is the first partner to add confidentiality to their stack with Succinct.


TLDR on the KelpDao article on LayerZero: 1. The attack originated from inside LayerZero's core infrastructure, not RPC poisoning. 2. LayerZero Labs DVN and Nethermind DVN share a substantial ADMIN_ROLE set on-chain. I cant comment on 1/ (although very scary if true) However for 2/: I have taken a look at it personally since the exploit, and it is true: LZ Labs DVN — 24 admins Nethermind DVN — 17 admins 16 of those 17 Nethermind admins are also admins on the LZ Labs DVN — i.e. ~94% overlap. Anyone holding one of those 16 keys has admin power over both DVNs. Contracts: LZ DVN: 0x589dEDbD617e0CBcB916A9223F4d1300c294236b Nethermind DVN: 0xa59bA433aC34D2927232918ef5b2eaafcf130bA5 SolvBTC current status: all LayerZero bridges remain paused. We won't be reinstating LayerZero bridges until at least a 4/4 setup is in place, and we won't be choosing both LayerZero and Nethermind DVNs at the same time.



LayerZero bridging for weETH is now live across all chains, with Liquid minting and redemption enabled. We've strengthened security by increasing DVNs from 2 to 4 and implementing stricter rate limits. The safety of our users is our number one priority. More updates as we turn services back online under the guide of our security partners.



