LayerZero Breaks Silence On $290 Million KelpDAO Crypto Exploit
KelpDAO’s $290 million rsETH exploit has moved into a new phase, with LayerZero and Aave now publicly outlining how the incident unfolded, why the damage appears contained, and what it could mean for crypto cross-chain security standards going forward. The central claim from LayerZero is that the exploit was not a failure of the protocol […]
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Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications (dapps) powered by Layerzero. Layerzero Raises $135 Million From Andreessen Horowitz, FTX Ventures, Sequoia Capital On March 30, 2022, the company Layerzero Labs announced it had secured $135 million in a Series....
Per a Forbes report, LayerZero Labs recently completed a series A+ investment round. The company managed to attract the attention of major players in the crypto industry. Related Reading | Mobile Banking App Dave Secures $100 Million FTX Investment To Boost Crypto Presence The investment round raised $135 million and was led by FTX Ventures, […]
The protocol, which is still in development, intends to connect dApps across chains using on-chain nodes. On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol.The round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz, and with participation from Coinbase Ventures,....
PayPal’s stablecoin PYUSD is now available on nine more blockchains, thanks to integration with LayerZero’s interoperability protocol. PayPal’s Stablecoin Now On Tron, Avalanche, & Seven Other Networks As announced by LayerZero in a blog post, PayPal USD (PYUSD) is getting a major expansion through integration with its Stargate Hydra system, allowing users to move the stablecoin […]
Retired soccer player Ronaldinho Gaúcho has been accused of an alleged $61 million cryptocurrency scam. And after being missing in action for two hearings, the Brazilian Legend has finally spoken up. Ronaldinho’s Casualties Soccer star Ronaldinho Gaúcho has denied any involvement in the “18K Ronaldinho” $61 million pyramid scheme despite the firm responsible for the […]