CryptoticT

@djsayoo @safetyth1rd They then convinced the neighbourhood cats to crowdfund replacing the vase. Then they waited for the last moment when the crowdfunding was $5 short to swoop in and cover the remaining amount like they expected a parade thrown for them.

@safetyth1rd aave handled it like an adult who broke a vase and swept it up themselves layerzero acted like the vase broke itself and blamed the cat

This is not just about being hacked, it’s losing trust Aave got hacked, owned it and worked to fix it. I’ll use them again Layerzero got hacked, blamed everyone but themselves despite being the most to blame That’s why no one wants to use them anymore.

@chainlinklabs utilises a Rism Management Network (RMN) to contain this exact logic contagion risk. RMN is a seperate & independent network written with a completely different codebase that verifies every #CCIP message before execution. This is layered security. Ever wonder why DPRK have never managed to hack $LINK despite trillions secured? Ari Jules literally wrote the paper on PoW before $BTC existed, the scientific contribution of @chainlinklabs employees over other crypto project teams is insane. Trust me they already thought about it.

@ChainlinkAnt @krakenfx @chainlink True, but decentralization doesn't eliminate the risk of logic contagion across the industry. Serious allocators look for architectural diversity, not just a decentralized version of a monopoly.

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.

@QNTDolphin @nullpackets @knilniahc @Voyager4IR @elshredo You must be new. It is not my job to explain oldfag memes. DYOR

Nothing comes close to what $QNT is doing, nothing.

@ChadSteingraber @linkpuller O R C H E S T R A T I O N

@linkpuller Ya, for price feeds.

Remember that the Ripple Prime CEO just said the other day that RLUSD “will be used” as collateral within the system. 👀⬇️DTCC

@QNTDolphin Or just use $LINK, no NDA’s required.

Why create an entire new system from scratch creating downtime & a migraine-full of work hours, when you can upgrade & interconnect the current systems in-situ! $QNT the 🐐💎

@barani_hasan @LayerZero_Core $LINK has so many tools that it doesn’t have a single competitor offering all the services they provide. You’re so focused on #CCIP vs L0, you’ll never see how #CRE ties every $LINK product together. @LayerZero_Core can try to win vs #CCIP, but it already lost the war.

Chainlink is slow Chainlink is not fast Chainlink does not have many tools Chainlink has limited technology Chainlink is not useful Chainlink is not good for development Chainlink is useless for developers The only winner is @LayerZero_Core

@barani_hasan @LayerZero_Core You must be @LayerZero_Core ‘s most [redacted] tool. You clearly don’t understand any of this stuff. The team you invested in buys meme coins with their multisig address. $LINK’s chief scientist literally wrote the paper on PoW pre $BTC. $ZRO is a joke $LINK already won.

@martypartymusic @clemente_crypto @0xrahulweb3 This didn’t age well at all. @chainlinklabs is fast establishing themselves as critical infrastructure. They have essentially fully captured the institutional adoption of #RWA and tokenisation with momentum only growing. Just use $LINK

Chainlink is a useful oracle network to provide cross chain apps with dollar pricing data outside their crypto closed loop. However they are not decentralized or a blockchain and are easily deprecated by permissionless coordination like $IKA on $SUI for example. Chainlink is a permissioned centralized service. It’s an arbitrage play until chains no longer require them.

Coinbase and Binance are at war. How we got here: Coinbase chose a weak technology in Ethereum, then chose a weak fix via inventing a irrational second layer in Layer 2 which breaks web3 first principles immidiately. Binance forked the weak technology to make Binance Chain and just run it on a few servers to bypass its scalability issues with a non existent security model and the lowest Nakamoto Coefficient in the game. Neither will ever run faster than 200 tps. Neither should ever have happened and should have been readdressed years ago. However they are both building on a broken software and are just doubling down. They are putting lipstick on the pig and building apps on top of their weak stacks using your extracted liquidity. Ive narrated how they do this for years. They control the markets, which have no regulatory rails, allow wash trading, and have deep political influence in all jurisdictions. They control the fiat/crypto exchanges so they have infinite power over the pricing in dollar terms of all crypto. They use this power to gaslight you. The high level picture. We are using cryptography and moores law to reintroduce trust into our society to rebuild the world and globalize around global money and global finance. Neither of these corporations are trustworthy. You know that. This is technology and software, code does not lie, neither do permissionless blockchains. Corporations almost always lie to get ahead. This is happening with Oracle my previous employer and the Open AI deal, it happened with Microsoft which led to Bill Gates evil empire, and is now shifting to C and B. These are companies trying to beat existing companies by grifting crypto narritives, the latest hot narritive, the same old story. They do not understand the software or permissionless finance, they just want to win. Its a war. They dont benefit from permissionless finance. They benefit from centralized rent seeking and fiat/crypto pricing control. Counter: Now you know I always say "do you want to rich or do you want to be right?" and there is a lot of liquidity to be extracted from these centralized gamifications to draw your attention, but there is zero evolution to these products. They are simply reinventions of the existing problems. I know this, the industry knows this, any technologist knows this, Im just here to let you know so you are not gaslit. Permissionless or nothing. Thats the evolution of crypto. Anything bridged centrally, anything with escrow windows and closed source, IS NOT CRYPTO. The biggest risk to crypto lies in these corporate wars and their centralized stack of lies and layers. Remember this post.

@showmeyourseed @RealAllinCrypto Are you [redacted]? It’s all data, tokenised stocks and RWA on blockchains are just data representing value.

@RealAllinCrypto Keyword data

If chainlink $LINK enabled all of DTCCs yearly settlement valued based on current fees and a conservative P/E its price would be in the multiple hundred dollars….

@kupr1k @OndoFinance @chainlink @LayerZero_Core Institutions will make retail look like skyscrapers to jenga towers. $LINK already won institutional demand.

@kupr1k @OndoFinance @chainlink @LayerZero_Core Institutions will never trust @LayerZero_Core. VC funding is one thing but 💩 security and opsec is another. Every institution hates loosing money more than they like trusting a 🤡 team for a VC favour or quick buck.

Seems like @OndoFinance understands which tech is better and they won’t let @chainlink hype on the latest dirty talks about @LayerZero_Core $ZRO will flip $LINK within next 2 years

You seriously don’t understand why institutions won’t and can’t adopt tech with these trust assumptions. @LayerZero_Core offering modular security is the whole problem. One of the benefits of blockchains is trust minimisation but an adhoc bridge like LayerZero offers, creates additional trust assumptions not less. Institutions would need to investigate not only a new asset’s L0 interop config but also any additional assets L0 config that the original asset now exposes them to. I.E institutions start using $AAVE. Modular security was the way to secure first mover edge, but it’s not a solid strategy long term as institutional flow requires hardened certain security before adoption. L0’s whole point in this recent exploit is, they only create the tool to build and that any poor security configs are the responsibility of developers. This means every asset with any sort of exposure to L0, even third party like $AAVE would have been needs a full risk analysis from any institution with follow ups and tracking of any changes or further exposure sources. Institutions require a standard of security that modular security can’t meet. They need default max security for any and every possible exposure source. This is what $LINK via #CCIP has been building for years. @LayerZero_Core don’t have the better tech, they have better adoption due to VC funding invested in their growth promoting their adoption in other retail crypto projects those VC control and have a say in. That’d take you to another rabbit hole, following the money pushing L0 tech even though exploits like this tarnish industry reputation. The VC’s though need returns on their investments and retail doesn’t practice the same extensive risk management strategies or really care. Crypto flows from retail though are a trickle compared to the torrent comming from institutions.

@PaperlessChains @CryptoticT @LayerZero_Core I guess, we would end up bursting your bubble. Don't give up on LayerZero just yet. The tech remains the best. Their major mistake was believing that every team would be able to manage its security itself which is an unfortunate hindsight that has now been corrected

Instead of trying to bring LayerZero down by the whole situation, why not make your tech better so it had naturally been chosen against LayerZero? @LayerZero_Core will survive this and continue to be the num 1 interoperability infrastructure. This will only make them stronger

@toreadorlabs @chainlink AI slop that doesn’t understand $LINK architecture

The great migration.

@francescoX222 @Nexera_Official Nope, partnered with $LINK. They understand, just use $LINK.

@Nexera_Official Gateway ‘ $QNT ?

👀

@benhwx I’ll never trust any dapp that exposes my assets to @LayerZero_Core. They were warned on this same risk by security specialists and lied. They said this wasn’t a risk and chose to gaslight and deny poor opsec.

LayerZero finally posted their incident update. Read it carefully because there’s a lot in there that’s easy to miss. Lazarus Group, North Korea’s state-sponsored hackers, attacked LayerZero’s internal RPC infrastructure. Poisoned their data. Simultaneously DDOSed their backup. Coordinated, professional, nation-state level. This wasn’t some random kid finding a bug. This was a targeted attack on cross-chain infrastructure by the same group that’s stolen billions from crypto over the years. The industry keeps treating security like a checklist and these guys treat it like a job. LayerZero also made their own mistake worse.  Their DVN was running as a 1/1 on high-value transactions. one verifier, no backup, one point of failure. They built the whole protocol to avoid exactly this kind of risk. Then didn’t catch it in their own setup.  They said that directly. No excuses. No pointing fingers at the developer who misconfigured. Just: we didn’t police it, we should have, we own it. Honestly? That hit differently. Most protocols in this situation spend three weeks writing a post about why technically it wasn’t their fault. LayerZero led with an apology. Now look at what happened after April 19th.  $9B+ moved across the protocol. Cumulative volume went from zero to $100B+ in three weeks.0.14% of applications affected. The rest kept running. Survived a nation-state attack and kept growing. That’s not nothing. But the 1/1 DVN thing keeps me up a little.  How many other bridges are sitting on the same configuration right now? Most developers don’t think about this and uses default.. They trust it’ll be fine. Until it isn’t. LayerZero moving to 5/5 defaults is the right call. Should have happened before the exploit. But it’s happening now and that matters. If you’re building anything cross-chain, go check your DVN configuration today.

🚨IF YOU INTEGRATE @LAYERZERO_CORE FROM HERE ON OUT TO ANY OF YOUR APPLICATIONS, YOU ARE PRACTICING GROSS NEGLIGENCE OF SECURITY. @CHAINLINK SHOULD BE THE ONLY OPTION. DO NOT CHEAP OUT ON YOUR INFRA🚨 $LINK ONLY

The biggest hurdle to the adoption of the industry is becoming the venture capital that was meant to kickstart it. Choosing an unserious team to secure billions is [redacted]. Who knows what other exploits are possible due to poor opsec. Just use ethereum:0x514910771af9ca656af840dff83e8264ecf986ca

@_Wdevil_ @ARiHBARi @BoHines They choose their own bags instead of the security and reputation of the industry. Biggest hurdle to the adoption of the industry is becoming the venture capital that was meant to kickstart it.

@ARiHBARi @BoHines They know very well so that they choose Layerzero 😀

🚨DOES THE TETHER TEAM NOT UNDERSTAND SECURITY @BOHINES ?🚨