@jing0_ We already knew it was vc scamware? No shit they own a lot of it.
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Crypto Cat ⬡
1.6K posts
@MaksimXBT @Altcoinbuzzio It's a formality. They've been testing that shit for years.
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@Altcoinbuzzio full production in q4 sounds ambitious given the live test is only in july
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DTCC's Nadine Chakar May 12: Chainlink Runtime Environment becomes the data layer for DTCC's tokenized Collateral AppChain.
Builds on the 2024 Smart NAV pilot with JPMorgan, Franklin Templeton, BNY Mellon.
Live test July, full production Q4 2026.
$LINK gets a MASSIVE collateral rail.
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@AirdropGlideApp @LayerZero_Core The only thing that surprised me was how many protocols were actually using L0. Like wtf!? What possesses someone to implement VC Scamware in the first place? Money I guess?
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This whole situation is crazy.
Will there be any significant projects remaining using @LayerZero_Core at this point?
Impressive how suddenly CCIP is the pinnacle of bridging technology.
As as Cosmos fan, it's painful not to see IBC get a look in, but then support for EVM, in both IBC and Cosmos in general, is ass.
Lombard@Lombard_Finance
Following a comprehensive security review of the cross-chain infrastructure underpinning LBTC and BTC.b: - CCIP will replace LayerZero as the cross-chain infrastructure across Solana, Etherlink, Berachain, Corn, and TAC - LayerZero on Morph and Swell will be fully deprecated
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@Ikh011 I think they could've survived the hack. It was the unimaginable army of gaslighting trolls they sent out after it that did them in.
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@Ikh011 They couldn't have shot themselves in the foot any worse. Just the worst possible handling of a bad event.
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Everyone is leaving LayerZero 💀
Over $1B in TVL lost for LayerZero as Lombard Finance migrates $LBTC to CCIP across every chain
GGs
Lombard@Lombard_Finance
Following a comprehensive security review of the cross-chain infrastructure underpinning LBTC and BTC.b: - CCIP will replace LayerZero as the cross-chain infrastructure across Solana, Etherlink, Berachain, Corn, and TAC - LayerZero on Morph and Swell will be fully deprecated
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Sometimes people/groups handle situations so badly they get written up in the history books as to how to not handle things. This certainly looks like one of those cases. These people (see LO guy in this thread) can not even temporarily drop their seething disdain long enough to not make their situation worse.
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The mass exodus from LayerZero will be studied.
@LayerZero_Core blaming their partners, when their own centralised infrastructure had been infiltrated, will be the reason for their downfall, not the exploit itself.
Kraken@krakenfx
Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets. Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including: • ISO 27001 and SOC 2 Type 2 certifications • Secure by default architecture • 16 independent nodes • Native rate limits, and more. Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi. For kBTC customers, no action is required. More details on the migration process to follow on official Kraken channels.
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@MTashed Yeah, I mean, the schtick is that he's disgusting and has and endless reel of terrible takes. The disturbing part is that it seems like he's starting to actually believe the shit he says.
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It's crazy how much reach this mentally ill gamer has.
It's crazy because if you point out how much of a loser the guy is, YOU get called jealous.
Guy lives alone in filth, with rotting teeth and roaches, despite being a multi generational wealth millionaire.
Zack@Asmongold
@Polymarket Too many fake jobs were invented to create artifical parity between men and women in the workforce AI fixes this problem Hopefully after this is over, women can go back to doing what they do best: being a mother or being a prostitute
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@ARiHBARi @OndoFinance @HyperliquidX @LayerZero_Core Good call. Protocols need a black box warning like medications: May result in the forfeiture or disappearance of funds!
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🚨 @ONDOFINANCE & @HYPERLIQUIDX ARE RETARDED FOR DOUBLING DOWN ON @LAYERZERO_CORE ...THIS SHOULD RESULT IN USER WARNINGS OF THEIR PRODUCTS🚨
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@nullpackets I'm scared that if I interact with this i'll magically have a bunch of Q(u)nt bs on my feed.
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'member when the biggest "theat" to the $LINK marines thesis was this guy?
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@avelrmd @LayerZero_Core What a joke. They sent out insulting gaslighting trolls for days. Only when multiple large protocols switched to Chainlink did they consider owning up anything. A deeply dishonest crew at best.
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Huge respect to @LayerZero_Core for dropping this full post-mortem and owning every part of it.
Transparency + real fixes (no more 1/1 DVNs, better defaults, OneSig, etc.) is exactly how you build long-term trust.
LayerZero@LayerZero_Core
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@LayerZero_Core Weird. So having a bunch of paid trolls gaslight everyone wasn't the right approach? It's almost as if VC scamware doesn't have anyone's best interest at heart except their own pockets.
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@samuelalpha77 Wow, they're creating a 'team' that would rival the xrp talking heads.
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@farmer_bocchi They're absolutely getting paid for it, but I imagine it costs less than 300 mil.
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wonder how much chainlink paid for this
Kelp@KelpDAO
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin. There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open. That’s why we’re setting the record straight.
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We asked if you could buy things with XRP in the XRP Mart. Can you guess the answer?
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@scottmelker They could maybe just not use VC scamware shit.
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STATE STREET WARNS DEFI SECURITY RISKS MUST BE FIXED BEFORE TRILLIONS IN TOKENIZED ASSETS MOVE ONCHAIN
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@kupr1k @KelpDAO @chainlink @LayerZero_Labs @ChainLinkGod Marching orders: ANYTHING BUT ACCOUNTABILITY
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Look at these clowns 🤡 @KelpDAO and @chainlink!
The whole world united to return the funds they fucked up, and now they start a war against @LayerZero_Labs because they know how dangerous is $ZRO to $LINK!
I’ve noticed @ChainLinkGod recently always shitposting about L0 trying to bury them alive while the incident is still hyped, but guess what? They donated 0 dollars to DeFi United. Such a shame. Selling all my $LINK and buying more $ZRO and also unstaking all my funds from KelpDao. Do the same and unfollow them.
$ZRO will flip $LINK within next 2 years. Mark my words.
Kelp@KelpDAO
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin. There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open. That’s why we’re setting the record straight.
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