Layer Zero bridge partnership?
What is the future of the Layer Zero partnership after this Kelp / AAVE incident?
>The layer zero hack was the least surprising and most predictable hack of all time
>Ever since they first launched in 2022 it's been clear LZ was engineered to let the team "move fast & break things" while avoiding any liability when shit goes down
>When LZ launched in 2022, I dug into their code and found their "ultra light node", used to verify *a block was real*, in fact did *no verification* and simply trusted the oracle
>They had 3.5B TVL
>Today, lack of onchain block verification is killing Kelp, Aave, and all of DeFi
>LZ's callous attitude towards security was obvious from day 1
>Their bridge relied on a 2/2 multisig for security, in a world of ZK, optimistic, and sidechain bridges that were infinitely more secure
>Their flexibility in config was a precise-engineered tactic to avoid liability
>When I called it out, Bryan Pellegrino, the LZ CEO, resorted to gaslighting & what-ifs
>He said each signer in the 2/2 multisig *could* be "1000+ validators"
>4 years later, those validators never materialized
>LZ's strategy of "move fast & break things" worked extremely well for them in the past 4 years, and I've been fine with that
>I assumed after LZ got m0n3y & traction they'd patch up security. Any ethical person would do so.
>4 years later, it's obvious they did not
>At this point, it's obvious that not only layer zero's tech is hopelessly insecure, their *people* are rotten