Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
LayerZero executor wallets exploited for $2.4M across multiple chains

LayerZero executor wallets exploited for $2.4M across multiple chains

CryptobriefingCryptobriefing2026/07/15 10:54
By:Cryptobriefing

Executor wallets in LayerZero’s architecture are the components responsible for actually delivering messages between chains. They pick up a package on one chain and drop it off on another.

In April 2026, KelpDAO suffered a major breach linked to LayerZero infrastructure, in which approximately 116,500 rsETH, worth around $292 million at the time, was drained after attackers forged a cross-chain message by compromising a single-signer DVN role.

Advertisement
window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "de1434f5-fa9e-44a6-93c3-4c2439763717"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences);

That attack was attributed to North Korea’s Lazarus Group. The KelpDAO breach also revealed a systemic configuration problem: nearly half of all LayerZero applications were still operating with what security researchers called a “1-of-1” DVN setup. That means one compromised verifier is all it takes to forge a valid message.

The KelpDAO incident triggered calls across the ecosystem for applications built on LayerZero to migrate toward multi-signer DVN configurations, which require more than one independent verifier to approve a message before it can be executed.

LayerZero’s architectural approach emphasizes configurability over a single canonical security model, giving applications control over their own risk parameters. The tradeoff is that misconfigured or under-secured applications become the weakest links.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Three Federal Reserve officials turn hawkish on the same day, market expects probability of rate hike in October to rise to 69%

On Thursday, the President of the Philadelphia Fed stated that further tightening of policy may be necessary; the President of the New York Fed said that another rate hike within the year is reasonable; the President of the Cleveland Fed indicated that the risk of inflation expectations becoming unanchored has increased significantly. Previously, on Wednesday, Federal Reserve Governor Michael Barr mentioned that further policy adjustments may be necessary; on Tuesday, the President of the Richmond Fed stated that the risk of entrenched inflation is rising. Driven by hawkish comments from officials and strong economic data, market expectations for a rate hike in October have risen from 53% last weekend to 69%.

华尔街见闻•2026/09/24 23:01