Sunday, November 17, 2024
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LayerZero bridging protocol denies accusation of ‘critical vulnerabilities’

Summa founder James Prestwich has accused the $382 million LayerZero bridging protocol of hosting a “critical vulnerability.” According to a Jan. 30 post by Prestwich, this vulnerability “could result in theft of all user funds.” LayerZero CEO Bryan Pellegrino has called Prestwich’s accusation “absolutely shocking” and “wildly dishonest,” claiming that the

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DeFi Infrastructure Provider Sooho.io Raises $4.5M for Bridging Blockchains

The Seoul-based company, whose clients include Samsung and LG, intends to use the funds to develop a range of blockchain tools, such as software development kits (SDK) and application programming interface (API) for setting up DeFi infrastructure and forging bridges between independent blockchains in South Korea and internationally. Original Source

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LABEL Foundation Is Bridging To The Binance Smart Chain Using MultiBaas Middleware

Blockchain-oriented international education platform LABEL Foundation has announced it is bridging over to the Binance Smart Chain. In order to expand interoperability, the platform which is built on the Ethereum Mainnet is enabling new use cases through this bridge. Using the MultiBaas Middleware built by Curvegrid, LABEL Foundation will create a

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