LayerZero executor wallets exploited for $2.4M across multiple chains
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.
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.
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.
You may also like
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over
As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.

After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"
Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.

CoreWeave writes to Texas governor-elect seeking "data center consultation"
In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.


