•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
LayerZero has reportedly lost about $2 billion in total value locked (TVL) to Chainlink’s CCIP following disclosures about security failures, including an exploit confession tied to North Korea’s Lazarus Group.
LayerZero said in a public statement that an internal RPC node was compromised by the Lazarus Group. The team also disclosed a separate issue: a 1/1 DVN misconfiguration that left the protocol with a single point of failure.
After the acknowledgement, KelpDAO, SolvProtocol and re announced moves to Chainlink CCIP. An on-chain analyst, Tom Wan, highlighted the departures on X and noted that the combined TVL at risk was significant, raising questions about whether an apology alone could prevent further client losses.
The article states that the migration follows LayerZero’s security disclosures and that the protocol has lost approximately $2 billion in TVL to Chainlink CCIP as a result.
The departures reflect heightened concern about the reliability of cross-chain infrastructure. When a misconfiguration at the protocol level is exposed, the article notes that rebuilding trust can be difficult and that protocols holding large pools of user funds are likely to respond cautiously after such disclosures.
Despite the exits, several token issuers continue to rely on LayerZero’s OFT standard. The article lists Ethena’s USDe and sUSDe, Etherfi’s weETH, Tether’s USDT0, Theo’s thBILL, and Bitgo’s WBTC as assets still on the protocol.
However, the article emphasizes that retaining these issuers does not offset the reputational damage from the exploit. It also notes that any further incidents could accelerate additional departures.
Chainlink CCIP is positioned in the article as a more secure alternative after the episode, with the growing list of migrations supporting its credibility as an enterprise-grade cross-chain solution. Whether that momentum continues is described as depending on LayerZero’s next steps to rebuild confidence across the industry.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
