GoPlus Security 🚦 (@GoPlusSecurity): 🤬 Incentive dispute erupts in the ETHSecurity (TG group) — #LayerZero security faces renewed scrutiny:
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🤬 Incentive dispute erupts in the ETHSecurity (TG group) — #LayerZero security faces renewed scrutiny: ▪️LayerZero’s default library contracts can be upgraded instantly by LayerZero Labs without any timelock, exposing $3B worth of OFTs to potential theft risk (similar to the recent $rsETH exploit incident); ▪️There are still $178M in assets currently using the default library contracts, which may remain exposed to exploit risk; ▪️A LayerZero Labs multisig wallet was previously used to trade the meme token $PEPES in a production environment; ▪️Poor security operational track record (including a previous compromise linked to North Korean hackers)…