LayerZero apologizes for Kelp DAO exploit response, says single-verifier setup was deficient; Dune: in April, ~47% of LayerZero OApps had the same default setup (Zack Abrams/The Block)

LayerZero has issued an apology regarding its response to the Kelp DAO exploit, acknowledging that its single-verifier setup was inadequate. A report from Dune revealed that nearly half of LayerZero's operational applications used this default setup in April, raising concerns about security practices within the platform. The incident highlights the need for improved communication and security measures in the rapidly evolving crypto landscape.