Heeaaaaaaaaated debate broke out in the ETHSecurity Community Telegram earlier today between LayerZero’s Bryan and security researchers.
TLDR summary:
- $3 billion+ of LZ OFTs were recently at risk of being compromised due to a default library contract that LZ Labs could upgrade instantly with no timelock to forge messages (like what happened with rsETH hack)
-According to Banteg, major projects like Ethena and EtherFi were STILL using this default library contract as of a few weeks ago
- There is still $178 million in value exposed to being compromised from projects using default library (look at quote tweet)
- LZ Labs doesn’t need to be malicious for this be risk, they have history of poor opsec (in addition to being hacked by North Korea):
- Onchain data shows LZ Labs multisig signers were engaging in non-multisig signing activity like trading memecoins, swapping on DEX, bridging. All major phishing risks as this mean production multisig keys were connected to websites, not just used for signing
- LZ Labs handled private keys like a high schooler, trading memecoins on production multisig keys, no wonder they got targeted by North Korea, who knows what other poor opsec they have?
THREAD BELOW
Silver’s been hot and no surprise traders are trading $XAG on @avantisfi for the best rates & capital efficiency onchain
a $1m $XAG market order (fixed cost):
on $AVNT: ~$1.5k
on $HYPE: ~$27k
on $LIT: ~$61k
Same metal, different fees.
Numbers by intern, show some love❤️
Is it any surprise that Gold is up $11T in 2025, given Global Money Supply is also up $11T? As long as the world keeps printing fiat at 10% p.a., expect hard assets like Gold will continue to reprice up.
@Krypto10071@avantisfi@0xSehaj Conviction is cool but please always exercise sound judgement, and only invest what you’re willing to lose, especially with alts market being so weak since October 2025
Creators, your arena is live.
From December 17 though January 9, we’re hosting a multi-week campaign that blends the worlds of content and trading, powered by @baseapp.
Welcome to Leagues of Leverage: your lens on the markets, turned into stories people just 'get'.
An @avantisfi quick update, just surpassed $3B in total volume on its forex markets.
RWA market dominance (Forex, Commodities, Stocks & Indices) also moved higher, reaching 16%, up from 7.7% last week.
Volume shifting matter
@infinitybanyan@314yush@jzszn@avantisfi__ nope
just saying leverage offering =/= incentivizing users to go max lev, it's about choice and capital efficiency
you seem like a sophisticated high level trader, feel free to try out the platform