the Department of War released only 162 UFO files yesterday but i found an unsecured AWS S3 bucket with thousands more expect to be raided and have my drives forcibly wiped shortly so will be uploading the most salient frames to the blockchain for posterity. lmk if you want one

In the last 48 hours, 14 protocols have either announced a migration away from LayerZero or paused bridging. Fully migrated to CCIP: KelpDAO, Solv Protocol, Re Protocol Bridges paused: Kamino, Ethena, Euler, Curve Markets frozen: Aave, SparkLend, Fluid, Lido, Pendle, Compound

This new post from @LayerZero_Core directly contradicts Bryan's claim yesterday that the LayerZero Labs multisig signer who was trading the "McPepes" memecoin on Uniswap was just "testing the PEPE OFT integration" Turns out that gaslighting doesn't work when people can check the chain and verify for themselves Naturally, they attempt to minimize the issue by making it seem like this was a one time incident, involving only one signing key, and that the memecoin trader was quickly rotated off the multisig In reality, the multisig signer attempted multiple memecoin trades over the span of a year and stayed on the multisig for nearly two years after the first memecoin trade, before finally being rotated off Furthermore, there were actually 3 signing addresses that were engaged in non-multisig related activity (memecoin trading, DEX swaps, bridging, LP provisioning) on a 2-of-5 Gnosis Safe multisig Billions of dollars in OFT value was exposed to the risk of being exploited by a multisig whose majority threshold of signers failed to practice even the most basic opsec and key isolation practices, FOR YEARS This was not a one-time error oopsie, this was a complete disregard for opsec -- Timeline of events of the LayerZero memecoin trader multisig signer: March 1, 2023 - 0xf1f5E swaps 0.198548 ETH for 1,727,120 McPepes (PEPES) December 21, 2023 - 0xf1f5E calls approve() for Uniswap on the McPepes ERC20 contract April 20, 2024 - 0xf1f5E attempts to sell McPepes on Uniswap but the transaction reverts January 27, 2025 - 0xf1f5E is finally rotated off LayerZero’s Gnosis Safe multisigs and signing threshold changed -- More context in following tweets

JUST IN: 🇺🇸 Senate Banking Committee schedules crypto Clarity Act vote for May 14 at 10:30 AM EST.