LayerZero Team Suspects $2.1 Million Hack

Signs have emerged that an Executor wallet used to operate the LayerZero (ZRO) protocol was hacked.

On-chain analyst Specter wrote on X on July 15 that the LayerZero Executor wallet appears to have been compromised, with about $2.1 million of assets stolen across multiple blockchains.

The stolen funds were transferred to the Ethereum (ETH) network through Stargate and Relay.