Summary
- LayerZero (ZRO) said the large transfer from its protocol operations wallet was routine operational rebalancing, not a hack.
- LayerZero said user funds were not harmed in connection with the transfer.
- On-chain analyst Specter had earlier reported signs that LayerZero's Executor wallet was attacked, with digital assets worth about $2.4 million apparently drained.
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A large transfer from LayerZero's protocol operations wallet was a routine internal rebalancing, not a hack, the company said. It added that no user funds were affected.
LayerZero wrote on X on July 15 that the transfer "was not an attack, but a normal operational fund rebalancing." No user funds were exposed to risk, it said.
Earlier, on-chain analyst Specter said there were signs that LayerZero's Executor wallet had been compromised, with about $2.4 million of digital assets apparently drained across multiple blockchains.
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