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A hack worth nearly $300 million is directly linked to the name $ZRO .
So far, the most likely scenario is that the exploit occurred on the rsETH bridge or within KelpDAO's integration, while LayerZero was only the infrastructure used, and there is no clear evidence yet that the fault lies with LayerZero itself.
Therefore, it's natural to see short-term selling pressure on $ZRO due to fear and quick confusion in the market, and this pressure may have already ended or is close to ending. This could be a good buying opportunity, and once the situation becomes clearer in the coming hours or days that LayerZero is not directly responsible for the technical breach, we might see a quick and clear rebound.
In the medium term, things remain good, God willing, but the important thing now is to differentiate between linking the name to the event in the media and the actual responsibility for the technical breach.
I will update you with any additional details as soon as they appear. If the flaw is in the protocol itself, there will be a different behavior and reaction, which we will evaluate at the time, God willing. However, I see that as an unlikely scenario, and God knows best...
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