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CEO of LayerZero Labs Bryan Pellegrino bares his soul after the hacks
He admits that the team lived in an illusion: they believed it was impossible for someone to manually put billions of TVL at risk. But it happened.
The stance of “we’re just a protocol” no longer works.
LayerZero made mistakes not only in security, but also in communication: they introduced new restrictions without warning clients, which hit their business.
One of the partners said it outright. And he was right!
In the past two weeks, the team has been working on strengthening protection, tracking, and returning funds (including rsETH).
Now the focus is on supporting issuers and launching Zero.